Oil (F) 2018-05-09
Crude Oil managed to hold trades above support 67.50 after yesterday fast drop as we advised early this week
Maket managed to rebound where closing from Intraday target 72.00 zone
As long as market holding below 72.00 a chance for another drop correction toward 70.00 is expected
Above 72.00 a chance for more advance toward Short-Run target 75.00 zone
Support | Resistance | |
Level 1 | 70.40 | 72.00 |
Level 2 | 69.80-90 | 7.50 |
Level 3 | 68.20 | 75.00 |