Oil (F) 2017-11-30

Oil (F) 2017-11-30

As we see over our previous chart and as we advised early this week

Crude Oil managed yesterday to test support 56.80 where managed to head for some rebound from that zone

Intraday levels showing resistance at 58.30 which if market failed to break above another drop movement to re-test 56.80 is expected

Above 58.30 market may sustain advance toward 59.00 and 59.60

Below 56.80 more drop toward 54.80-55.00 support zone may be expected wich in turn may give strength to market to head again toward target 59.60

Support Resistance
Level 1 56.80 58.30
Level 2 55.70 59.00
Level 3 54.80 59.60

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