Oil (F) 2018-10-01
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 |