Oil (F) 2018-10-16
As we see over our previous chart and as we advised yesterday
Market managed to test resistance zone 72.70-80 yesterday where managed to head from there to another dip inside our trading zone
Market still facing main resistance level at 72.70-80 where as long as market holding the daily close below this level the downtrend pressure will extend for more drop
A daily close above 72.80 may activate farther advance toward 75.25
Support | Resistance | |
Level 1 | 71.00 | 72.70-80 |
Level 2 | 70.40 | 75.25 |
Level 3 | 69.50 | 76.40 |