Oil (F) 2016-08-25
As we see over the chart and as we advised yesterday, as long as market holding above 46.00-20 support zone the uptrend is expected to sustain toward targets 50.50
while below 45.90 market may add more drop pressure to head to test 44.40-60 zone which may provide another rebound correction toward 47.50
Support | Resistence | |
Level 1 | 46.00-20 | 48.30 |
Level 2 | 44.40-60 | 49.15 |
Level 3 | 43.00 | 50.50 |