Oil (F) 2016-05-06

Oil 6M – New Contract

43.95

As we see over our previous chart, Market Managed to obtain rebound correction from 43.37 while retreated from resistance zone 46.15 as we advised yesterday

as long as market holding below this levels (46.15) 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