Forex Trading Library

Oil (F) 2018-05-21

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Crude Oil managed to test resistance zone 72.00-50 as we advised early last week

Market now facing Intraday trading zone between support 70.00 and resistance 72.50

As long as market keep holding trades above 70.00 the Short-Run target will sustain toward 75.00 as we advised last month

Below 70.00 more drop toward 68.60-80 may hit the market

  Support Resistance
Level 1 71.00 72.50
Level 2 70.00 73.60
Level 3 68.60 75.00
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