Oil (F) 2018-07-30
We still holding the Short-run bearish outlook as we advised 2 weeks ago
Market now facing resistance 71.65 and 72.20 where as long as market holding below one of those resistances another drop wave may hit the market toward 64.00-50 zone
Above 72.20 will expect market to gain more strength to test 74.00 and above
Support | Resistance | |
Level 1 | 69.25 | 70.85 |
Level 2 | 68.25 | 71.65 |
Level 3 | 66.30 | 72.20 |