Oil (F) 2018-03-29

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Crude Oil managed to head for another drop correction from resistance zone 66.60 as we advised in our last model since last week

Market managed to test support 63.60-64.00 zone where Intraday resistance level laying at 64.80-65.10

As long as market holding above 63.60 another advance wave may develop toward 66.20-60

Above 65.10 the Intraday level signals may start gather strength for farther advance

Below 36.60 more drop toward 62.50-60 may hit market where the uptrend may restor strength again

  Support Resistance
Level 1 63.60 64.80-65.10
Level 2 62.50-60 66.20-60
Level 3 61.40 68.00
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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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