Oil (F) 2016-05-02
Oil 6M – New Contract
45.60
market managed to advance toward our expected zone 46.60-70 before market retreat as expected
market now searching to test support zone 44.00 – 45.00 where as long as market holding above 44.00 will expect another advance movement toward 48.35 target zone
below 44.00 market will face support at 42.40
Support | Resistence | |
Level 1 | 44.00-45.00 | 46.10 |
Level 2 | 42.40 | 47.00-10 |
Level 3 | 39.40 | 48.35 |