Crude Oil managed to hold support (44.55) where managed to head for rebound correction toward target (47.80) as previous Intraday-Level report advised (see here)
Financial markets awaiting OPEC meeting result today about reaching a deal on cut production where Iranian Oil Minister said this morning that Iran won’t freeze production, but there is another arrangement, without elaborating.
Technical Analysis sees (49.35) as same old resistance zone where as long as market holding below another drop wave may hit Oil toward (42.20-50).
Above (49.35) risk for more advance toward (51.50)
CRUDE OIL - WTI