Oil (F) 2016-12-02
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/12/18072105/584167379a70a-750x430.png)
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 |