Forex Trading Library

Oil (F) 2018-10-01

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As we advised last  week and as we see over our previous chart

Crude Oil managed to met target 71.60-70 as we advised in the last few weeks

Crude Oil still holding same view where more advance toward 74.00 zone is expected

As long as market holding above 71.00 zone will expect farther advance toward 74.00 

Below 71.00 market may have a chance for farther drop toward 68.50

As Market closing from Old resistance 75.25 market may face some drop correction

Above 75.25 more advance toward 77.00 zone is expected

  Support Resistance
Level 1 72.50 74.00
Level 2 71.00 75.25
Level 3 69.95 77.00
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