Oil (F) 2016-08-03
As we advised before , market facing 40.60 & (41.85 – 42.20) resistance levels where :
as long as market holding below one of those resistance the downtrend movement willl sustain toward 38.00-20 zone
above 42.20 market may add more bonus toward 43.50 zone
market managed to hit above 40.60 yesterday before resuming the drop movement while same resistance levels sustain on market
Support | Resistence | |
Level 1 | 39.25 | 40.60 |
Level 2 | 38.00-20 | 41.85-42.20 |
Level 3 | 36.60 | 43.50 |