Oil (F) 2017-07-18
as we advised yesterday and as we see over our previous chart
Crude oil still facing Intraday resistance level at 47.30 which if managed to hold trades below another drop wave toward 42.00-50 zone may hit the market before an advance wave toward 49.15 may took place
while any break above 47.30 may set the wave toward farther advance toward 49.15 zone
Support | Resistance | |
Level 1 | 45.80 | 47.30 |
Level 2 | 45.15 | 48.50 |
Level 3 | 43.60 | 49.15 |