Oil (F) 2018-03-28

Posted on

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

Crude Oil managged to hold trades inside our expected trading zone between support 63.60-64.00 and resistance 66.60

Market managed today to hit 64.35 low where market still holding trades above support 63.60-64.00

As long as market holding above this support 63.60-64.00 another advance wave toward 66.00-60 zone will be expected which in turn may push market for farther drop correction

Above 66.60 more advance toward 68.00 and 69.60 is expected

Below 63.60 more drop is expected where support will be laying at 62.60 and 61.40

Support Resistance
Level 1 63.60-64.00 66.00
Level 2 62.60 66.60
Level 3 61.40 68.00
(Visited 1 times, 1 visits today)

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.

- Website

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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.

© Orbex