Oil (F) 2018-04-03

2 1

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

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