Oil (F) 2018-07-09
As we advised in the previous weeks and as we see over our old chart
Crude oil managed to test support zone 72.00-20 where market managed to rebound from it toward 74.22 last week
we still holding our previous outlook for the Short-Run over Crude Oil
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 |