Oil (F) 2016-10-24
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/10/18075724/580dda5a5264f-750x430.png)
Crude Oil still holding trades inside short-run uptrend channel, while base support at 50.20-35 zone
as long as market holding above this zone another advance will be expected toward 52.20-45 zone
below 50.20 market may add more drop toward 49.15-25 which in turn may push the market for another advace wave
Support | Resistence | |
Level 1 | 50.20-35 | 51.15 |
Level 2 | 49.15-25 | 52.25-45 |
Level 3 | 47.70-90 | 53.60 |