Oil (F) 2018-05-21
Crude Oil managed to test resistance zone 72.00-50 as we advised early last week
Market now facing Intraday trading zone between support 70.00 and resistance 72.50
As long as market keep holding trades above 70.00 the Short-Run target will sustain toward 75.00 as we advised last month
Below 70.00 more drop toward 68.60-80 may hit the market
Support | Resistance | |
Level 1 | 71.00 | 72.50 |
Level 2 | 70.00 | 73.60 |
Level 3 | 68.60 | 75.00 |