Oil (F) 2018-04-10

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Crude Oil managed to hold trades below resistance 64.00 where managed to test our target and support zone 62.00 as we advised last week 

Intraday Levels showing resistance at 64.50-70 which if managed to hold the market another drop correction may hit market toward 62.00-20 zone

Above 64.70 market may add more advance to test 65.50-60 zone which in turn may push for drop correction toard 64.50-70

Above 55.60 more advance to re-test 66.60 may hit the market

  Support Resistance
Level 1 63.00-15 6450-70
Level 2 62.00 65.50-60
Level 3 59.90 66.60
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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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