Oil (F) 2018-03-22

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Crude Oil managed to sustain advance wave after broke above resistance 62.60-70 where market managed yesterday to hit target 65.00 zone

Market still have some room for more advance as market facing resistance zone at 66.20-60

As long as market keep holding trades below this resistanec 66.20-60 another drop wave with trading zone is expected toward 63.60

Above 66.65 more advance toward 68.00 will be expected

Support Resistance
Level 1 64.50 66.20-60
Level 2 63.60 68.00
Level 3 62.50 69.60
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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