Oil (F) 2016-07-01
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/07/18093307/57765ca60f149-750x430.png)
As we advised yesterday, Market managed to sustain rebound where managed to test downtrend line around 50.00 zone while market managed to hold trades below 50.00 where a drop toward 46.40-80 zone still on hand
above 50.00 will expect farther advance toward 51.65 and 53.00
below 45.80 market may trigger new downtrend wave toward 42.50
Support | Resistence | |
Level 1 | 47.90 | 50.00 |
Level 2 | 46.85 | 51.65 |
Level 3 | 45.80 |