Oil (F) 2017-08-16
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/08/18040526/59941bd722506-750x430.png)
as we advised yesterday and as we see over our previous chart
market now facing uptrend line support at 46.80-90 zone which if market managed to hold trades above another rebound toward 49.00-15 zone is expected
below 46.80 more drop will be expected toward 45.40-60 zone
Support | Resistance | |
Level 1 | 46.80-90 | 48.00 |
Level 2 | 45.40-60 | 49.15 |
Level 3 | 43.70 | 50.00-40 |