Forex Trading Library

Oil (F) 2017-07-06

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Oil managed to hit 47.20 zone before heading for some drop correction

short-run see support at 44.50-80 where as long as market holding above this zone more advance toward 49.15 is expected

below 44.50 more drop toward 43.00 zone is expected

  Support Resistance
Level 1 44.50-80 45.80-99
Level 2 43.00 47.25
Level 3 42.00 48.10
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