Oil (F) 2018-04-03
Crude Oil managed to sustain drop afterbroke below 63.60 while market still looking for farther retreate
As long as market holding trades below resistance zone 64.00-70 more drop toward target 62.50-60 and 62.00 zone is expected
From that zone 62.00 a rebound correction may hit the market toward 64.00
Above 64.70 market may have room for farther advance toward 65.80-90
Support | Resistance | |
Level 1 | 62.50 | 64.00 |
Level 2 | 61.90 | 64.70 |
Level 3 | 59.90 | 65.90 |