Oil (F) 2017-04-24
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/04/18053056/58fdc2d1211ae-750x430.png)
as we see over the chart, crude oil still holding trades above short-run trend line where main support at 47.10-30 zone
as long as market holding above this zone another advance wave may hit the market toward 54.50-55.00 zone
below 47.00 more drop toward 44.00 is expected
Support | Resistance | |
Level 1 | 49.20 | 51.40 |
Level 2 | 48.20 | 52.90 |
Level 3 | 47.10-30 | 53.75 |