Oil (F) 2016-10-13
Market managed so far to retreat from our resistance zone 51.20-60 where managed to print low of 49.60
market Intraday resistance level at 50.40 where as long as market holding below this zone more drop still have chance toward 48.75-49.25 support zone which may drive the market back toward 51.20-60 zone
above 50.40 will expect another advance toward 51.20-60 zone
below 48.75 more drop will be available toward 47.90 and 46.90
Support | Resistence | |
Level 1 | 48.75-49.25 | 50.40 |
Level 2 | 47.90 | 51.20-60 |
Level 3 | 46.90 | 53.00 |