Oil (F) 2016-05-30

May 30, 11:34 am

Oil 6N – new contract

49.20

As we see over our previous chart, market managed to head for drop correction toward 48.65 while we advised before that as long as market holding above 48.40 the uptrend wave will sustain toward 50.50-90 zone

below 48.40 expect farther drop toward support zone 47.20-40

 SupportResistence
Level 148.4050.50-90
Level 247.2552.00
Level 345.5053.95
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