Oil (F) 2018-09-06

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Oil managed to hold trading zone between resistance 71.60 and support 68.60

market managed to add few pips toward 68.40 which will consider as the support line where as long as market holding above another chance to advance toward 71.60 is expected

below 68.40 more drop toward 66.00 may hit the market

above 72.20 more advance toward 74.00 is expected

  Support Resistance
Level 1 68.40 69.60
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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