Oil (F) 2017-10-13
As we advised early this week and as we see over our previous chart
Crude Oil managed to hit above 51.20 in signs of more advance yet to come
Market may head for drop correction toward 50.00 while as long as market holding above 49.75 more advance still on hand toward 53.70 ( market already managed to drop toward 50.14 yesterday )
Below 49.00 more drop toward 47.70 is expected
Support | Resistance | |
Level 1 | 50.60 | 51.75 |
Level 2 | 49.70 | 52.85 |
Level 3 | 47.80 | 53.70 |