Oil (F) 2017-07-10
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/07/18043524/596370a4b8cea-750x430.png)
as we advised last week and as we see over our previous chart
Crude Oil managed to fell below 44.50 which may add more drop pressure to re-test 42.00-60 zone
as long as market holding trades above 42.00 another advance wave may hit the market toward target 49.15
below 42.00 more drop will be expected toward 39.30 zone
Support | Resistance | |
Level 1 | 43.50 | 45.05 |
Level 2 | 42.00 | 46.50 |
Level 3 | 40.40 | 47.30 |