Forex Trading Library

Oil (F) 2018-10-29

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Crude Oil still facing downtrend pressure as long as market holding trades below 68.50 zone

Intraday levels showing support at 66.90 where below this level more drop pressure will be expected over the Oil

Short-Run support laying at 63.40-60

Above 68.50 more advance toward70.00 levels will be expected

Support Resistance
Level 1 66.90 67.90
Level 2 65.70 68.50
Level 3 63.40-60 70.00
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