Oil (F) 2016-11-14
market still facing downtrend pressure as Iran hnformed OPEC that they reach the highest production levels since sanctions
market still trying to test support zone 42.80 which if managed to support the market a trading zone between this support and resistance 45.95 will be expected
below 42.80 more drop may hit market toward 41.10 zone
Support | Resistence | |
Level 1 | 42.80 | 43.65 |
Level 2 | 42.00 | 44.60 |
Level 3 | 41.10 | 45.95 |