Oil (F) 2018-06-25

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Crude Oil managed to head for fast advance after OPEC meeting last week

Oil still holding treads strog while Intraday support start from 68.15 zone

as long as market holding above this zone more advance inside the overbought area may hit the market toward 70-70-71.70 resistance zone

Below 68.15 market may have chance for drop correction toward 66.00-30 zone before back to advance again

  Support Resistance
Level 1 68.15 69.40
Level 2 67.00 70.75
Level 3 66.00-30 71.90
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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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