Oil (F) 2018-05-02
![](https://www.orbex.com/blog/wp-content/uploads/feed_images/5ae9a8ddb57e3.png)
Crude Oil managed to hold a trading zone where 69.50-60 resistance managed to hold the current drop correction mode where our target still remain toward 65.60-80 zone as we advised 2 weeks ago
from that zone 65.60-80 a chance for a rebound correction toward 67.00-50 zone is expected
Below 65.60 more drop may hit market toward 63.80-99 zone
Support | Resistance | |
Level 1 | 66.80 | 68.05 |
Level 2 | 65.60 | 69.60 |
Level 3 | 64.00 | 71.00 |