Oil (F) 2018-08-15

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crude Oil managed to sustain drop pressure after tested resistance 69.90 as we advised early this week

Intraday Levels showing support around 65.70 if managed to hold market another rebound is expected before drop pressure back again toward target 64.00-50

Below 65.70 this rebound signals will be corrupt which may provide farther drop toward 64.00-50 zone

  Support Resistance
Level 1 65.70 66.90
Level 2 64.50 68.35
Level 3 64.00 69.10
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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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