Oil (F) 2017-08-02
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/08/18041726/5981a17aea0b4-750x430.png)
Crude oil still holding trades above support 47.80 which still providing chance for farther advance toward target 51.70-52.00 zone
as long as market holding above this support zone the target will remain valid
below 47.80 market may head for farther drop toward 45.90 zone
awaiting today U.S. Inventory
Support | Resistance | |
Level 1 | 47.80 | 49.25 |
Level 2 | 47.00 | 50.05 |
Level 3 | 45.80-90 | 51.70-80 |