Oil 6N –
50.80
As we advised before, market managed to jump above 50.20 where market looking now toward 51.50-90 zone (already done yesterday)
intraday trading levels showing support at 50.00-20 where as long as market holding above the chance will sustain for another advance toward 52.00
from another side short-run showing support at 47.40 where as long as market holding above an uptrend wave may hit the market toward 58.50 zone
below 47.40 this may be broke for rising wedge formation which may call for farther drop toward 43.00 zone
| Support | Resistence | |
| Level 1 | 50.00-20 | 51.50-90 |
| Level 2 | 49.20 | 53.80 |
| Level 3 | 47.40 | 55.00 |
