Oil (F) 2016-06-29

Oil 6Q –

48.25

Oil managed to back and hit above 48.40 in the wake of global equity rebound rally

this will set support at 46.40-60 zone which from there will expect new uptrend wave that may target 53.00 zone

below 45.80 market may initiate downtrend wave to test 42.50 zone

	Support	Resistence
Level 1	46.40-60	48.40
Level 2	45.80	50.40
Level 3	43.90	51.65