Oil (F) 2018-07-05

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As we advised last week and early this week

Crude oil managed to hold trades above 72.00-20 support zone where managed last week to head for farther advance toward 74.45 

Market managed to rebound to cover the  gap price  while managed this week to print another high above last week

will keep our outlook that as long as market holding above 72.00-20 more advance toward 76.80-77.80 zone is expected

below 72.00 more drop may hit market with another support at 70.00 zone

  Support Resistance
Level 1 73.50 75.25
Level 2 72.60 76.80
Level 3 72.00 77.70

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