Oil (F) 2016-08-19
Market managed to hold uptrend after broke above 46.00-20 where market met our second target 48.25 zone
market sustain advance where we expecting ability for trading zone between 46.00 – 50.40
as we see over the chart, market may head for drop correction before resume uptrend OR may continue advance to test 50.00-40 before head for drop correction
as long as market holding above 47.50 the uptrend movement will sustain
Support | Resistence | |
Level 1 | 47.50-70 | 50.00-40 |
Level 2 | 46.00-20 | 51.65 |
Level 3 | 44.40 | 53.00 |