Oil (F) 2018-03-19

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As we advised last week and as we see over our previous chart

Crude Oil seems still holding trades below downtrend line as we see over the chart where resistance laying at 62.60-70 zone

As long as market holding below 62.70 market may sustain drop to re-tetst support 58.00-50 which in turn may provide another advance wave toward 62.00-50 zone

Above 62.70 market may head for farther advance toward 64.60-80

Intraday Levels showing support at 61.15-40 which if managed to support market another advance wave to break above resistance 62.70 will be expected soon

  Support Resistance
Level 1 61.15-40 62.70
Level 2 59.90 64.60-80
Level 3 58.00-50 66.20

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