Oil (F) 2016-05-17

May 17, 11:34 am

Oil 6M –

48.45

Market managed today to resume advance to hit our target zone 48.35-75

as we see over the chart, as long as market holding below 48.75 another drop correction may hit the market where support laying at 45.50

above 48.75 market will have chance to add more advance toward 50.80 zone where from there another chance for drop correction toward 48.70 will emerge

 SupportResistence
Level 147.6548.75
Level 247.0049.80
Level 345.5050.80
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