Oil (F) 2016-08-29
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/08/18084316/57c40d27ec775-750x430.png)
Oil managed to hold so far support zone 46.00-20 intact while as long as market holding above this zone the target will remain toward 50.00-40 zone
Below 46.00 market may add more drop toward 45.30-40 which may provide another rebound chance
Below 45.20 market may head to test 44.00-40 zone
Support | Resistence | |
Level 1 | 46.00-20 | 48.45 |
Level 2 | 45.30-40 | 49.35 |
Level 3 | 44.00-40 | 50.00-40 |