Forex Trading Library

Oil (F) 2016-12-02

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Crude Oil managed to advance toward target 51.60-52.20 where market faced some resistance there

As long as market holding below 52.20 another chance for drop correction toward 48.80-49.20 may hit the market

Above 52.20 more advance toward 53.50-80 and 55.00 will be expected

Below 48.80 more drop will be available toward 46.00-20 zone

  Support Resistence
Level 1 48.80-49.20 52.20
Level 2 47.35 53.50-80
Level 3 46.00-20 55.00
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