Oil (F) 2016-04-29

Apr 29 2016, 2:35 pm

Oil 6M – New Contract

46.45

Market managed to sustain advance toward 46.50 as we advised yesterday

so far maket still holding trades inside rising wedge which if managed to control the market another drop correction will be expected toward 44.20-50 zone before we see another advance toward 48.35 target

above 46.70 market may sustain advance toward 48.35 target without any serious drop correction

  Support Resistence
Level 1 45.55 46.50-70
Level 2 44.10-30 47.50
Level 3 42.40 48.35
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