Oil (F) 2016-07-13

As we see over our previous chart, we advised that above 46.00 market may head farther to test 47.00-25 zone, where market managed to hit high 46.92 yesterday

as long as market holding below 47.00-25 zone will expect another drop toward 45.50 and 44.80 while below 44.40 expect the downtrend wave to remain toward target 42.30

above 47.25 market may add farther advance toward 48.25 and 48.70

	Support	Resistence
Level 1	45.50	47.00-25
Level 2	44.80	48.25
Level 3	44.40