Oil (F) 2018-02-14
As we see over our previous chart and as we advised yesterday
Market back to underdrop pressure as market sustain trades below resistance 61.25
Market managed to print high 60.80 yesterday before market back to drop movement
As we explained before a trading zone may occur between support 57.25 and resistance 61.25
Below 57.25 more drop toward 54.90 may hit the market
While above 61.25 more advance toward 64.00 zone may be expected
Support | Resistance | |
Level 1 | 58.00 | 61.25 |
Level 2 | 57.25 | 62.10 |
Level 3 | 55.80 | 63.60 |