Oil (F) 2018-08-27

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Crude oil managed to sustain drop wave toward targeted zone 64.00-50 in the last 2 weeks

Market anaged to head for fast rebound correction where Intraday Levels showing a chance for trading zone between upport 66.00 and resistance 70.50

Below 66.00 market may head for farther drop movement where support layinf at 64.50

  Support Resistance
Level 1 67.30 69.80
Level 2 66.00 70.50
Level 3 64.50 71.60
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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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