Oil (F) 2016-05-12
Oil 6M –
46.60
As we advised yesterday ” market managed to hit above resistance 44.50 zone where as long as market holding above 43.95 the uptrend will sustain toward 46.15 zone ”
market managed to hold our support and headed toward 46.15 where managed to break above it in sign of ability to resume uptrend toward target 48.35-75
as long as market holding above 44.00 uptrend will sustain, while below 44.00 market may head for farther drop toward 39.40
Support | Resistence | |
Level 1 | 43.95 | 46.75 |
Level 2 | 43.00 | 48.35-75 |
Level 3 | 41.50-42.00 | 49.80 |