Oil (F) 2018-04-19
Crude Oil managed to break above 68.70 which activated another advance which still targeting 70.00
Short-Run may add more advance as market expected the comming saction ove Iran may reduce between 0-800k barrels aday
As long as market holding trades above support zone 67.70-68.40 more advance toward 75.00 zone is expected
Below 67.70 market may head for farther drop to test 65.50-70 zone
Support | Resistance | |
Level 1 | 68.40 | 70.00 |
Level 2 | 67.70 | 71.00 |
Level 3 | 65.50-70 | 72.60 |