Oil (F) 2016-07-18
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As we advised last week, market managed to rebound toward 46.00-40 resistance zone where market now facing drop pressure from that zone
as we see over our previous chart, as long as market holding below 46.40 the downtrend pressure will sustain toward 44.40-60 and 42.30
above 46.95 expect farther advance toward 48.00-50 zone
Support | Resistence | |
Level 1 | 44.40-60 | 46.95 |
Level 2 | 43.50 | 48.00-50 |
Level 3 | 42.30 |