Oil (F) 2018-04-02
As we advised last week and as we see over our previous chart
Crude Oil managed to hold support zone 63.60-64.00 intact as market managed to rebound from low 63.70 last week
Intraday levels showing first resistance at 65.60 while we expect market to hold this trading zone as we advised early last week toward 66.20-60 resistance
Below 63.60 more drop to test 62.50-60 is expected which in turn may activate another rebound correction at market
Above 66.60 more advance toward 68.00 is expected
Support | Resistance | |
Level 1 | 63.60-64.00 | 65.60 |
Level 2 | 62.50-60 | 66.60 |
Level 3 | 61.40 | 68.00 |