Oil (F) 2016-11-29
Market managed to head for rebound correction toward target 47.50 as we advised yesterday
Now we see opportunity for another drop toward 42.20-50 in case if market managed to obtain daily close below 45.50
As market closing from OPEC meeting for the production cut deal with speculation deviate between ‘deal, no-deal’ the market will have the chance for up & down movement
Above 49.35 more advance toward 51.50 will be available
Support | Resistence | |
Level 1 | 45.55 | 47.65 |
Level 2 | 44.55 | 49.35 |
Level 3 | 42.20-50 | 51.50 |