Oil (F) 2017-10-09
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Oil managed to hit below 49.40 in signs of more drop yet to come
We advised last week that below 49.40 another drop wave may hit the market toward 47.50-70 zone
Above 49.75 market may add more advance where another resistance laying at 51.00-20 zone
Support | Resistance | |
Level 1 | 49.00 | 49.75 |
Level 2 | 47.50-70 | 51.00-20 |
Level 3 | 46.40 | 52.20 |