Oil (F) 2016-11-25
as we see over our previous chart, we advised earlier this week that as long as market holding below resistance 49.35 another drop correction may hit the market toward 45.55 zone
market managed this week to hit drop movement toward 47.17 while more drop still available as long as market holding below 49.35
abobe 49.35 Oil may build another uptrend wave toward 51.40-60 zone
Support | Resistence | |
Level 1 | 47.15 | 49.35 |
Level 2 | 46.40 | 50.10 |
Level 3 | 45.50 | 51.40-60 |