Oil (F) 2016-10-07
as we advised earlier this week
Crude Oil managed to hit above 49.35 resistance level which provided more signals of farther advance toward 51.20-60 resistance zone
market first support laying at 48.25 where as long as market holding above this level the uptrend will sustain toward farther advance where target now at 51.20-60 zone
below 48.25 market may add more drop correction toward 46.50-47.00 zone
Support | Resistence | |
Level 1 | 49.35 | 51.20-60 |
Level 2 | 48.25 | 53.00 |
Level 3 | 47.00-20 | 54.60 |