Oil (F) 2017-05-01
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/05/18052528/5907097537bbb-750x430.png)
we still holding our last week outlook for the Crude oil
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 | 48.85 | 51.40 |
Level 2 | 48.20 | 52.90 |
Level 3 | 47.10-30 | 53.75 |