Oil (F) 2018-02-02 – Orbex Forex Trading Blog

Oil (F) 2018-02-02 – Orbex Forex Trading Blog

As we advised in the last few weeks and as we see over our previous chart, we still holding same trading model

Crude Oil managed finally to reach 66.60 resistance zone which we was expected few weeks ago

From that zone 66.60 and as long as market keep trading below 66.60 a chance for a drop correction with trading zone toward support 59.00 will be expected

Above 66.60 with daily close above this level may provide market with new uptrend wave toward 74.00 zone

  Support Resistance
Level 1 63.65 66.60
Level 2 62.80 68.00
Level 3 61.80 69.50

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