Oil (F) 2016-05-20

May 20 2016, 11:34 am

Oil 6N – new contract

48.75

Marker managed to obtain rebound correction as we expected while add more advance toward 49.28

as long as market holding below 49.50 another drop correction toward 47.50-80 will be expected

below 47.25 market may head to test 45.50-80 zone , while above 49.50 expect farther advance to test 50.50-90

  Support Resistence
Level 1 48.50 49.50
Level 2 47.25-50 50.50-90
Level 3 45.50-80 52.00
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