Oil (F) 2016-05-05

May 05, 11:34 am

Oil 6M – New Contract

44.75

Market Managed to obtain rebound correction from 43.37 while market still facing 45.35 and 46.15 as resistance levels

as long as market holding below this levels the downtrend will sustain to complete correction toward (41.50 – 42.00) zone

above 46.15 market may sustain advance toward 48.35-75 zone

  Support Resistence
Level 1 42.50 45.35
Level 2 41.50 46.15
Level 3 40.00 46.80
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