Oil (F) 2016-08-18
New Contracat (CL-6V)
we still holding our last view
market managed to break above downtrend line where market will face support zone at 46.00-25 for the new contract
as long as market holding above 46.00 the uptrend wave will sustain toward 48.00-25 zone where above this zone will expect farther advance toward 50.00
below 46.00 market may add more drop correction toward 44.50-70 before uptrend back to control market toward 48.00-25
Support | Resistence | |
Level 1 | 46.00-20 | 48.00-25 |
Level 2 | 44.50-70 | 49.15 |
Level 3 | 43.50 | 50.00 |