Oil (F) 2017-05-19
as we see over our previous chart and as we advised last week
Crude Oil managed to rebound above 47.00-30 resistance zone which may activate farther advance toward 52.50 over Short-Run
as long as market holding above 47.00 more advance toward 51.35 and 52.50 will be expected
below 47.00 more drop will be expected while another support at 43.75 zone
Support | Resistance | |
Level 1 | 48.00 | 49.65 |
Level 2 | 47.00-30 | 50.50 |
Level 3 | 45.50 | 51.50 |