Oil (F) 2018-03-28
As we see over our previous chart and as we advised last week
Crude Oil managged to hold trades inside our expected trading zone between support 63.60-64.00 and resistance 66.60
Market managed today to hit 64.35 low where market still holding trades above support 63.60-64.00
As long as market holding above this support 63.60-64.00 another advance wave toward 66.00-60 zone will be expected which in turn may push market for farther drop correction
Above 66.60 more advance toward 68.00 and 69.60 is expected
Below 63.60 more drop is expected where support will be laying at 62.60 and 61.40
Support | Resistance | |
Level 1 | 63.60-64.00 | 66.00 |
Level 2 | 62.60 | 66.60 |
Level 3 | 61.40 | 68.00 |