Oil (F) 2016-07-19

Jul 19 2016, 11:34 am

As we advised before , market re-test 46.00-40 resistance zone where managed to retreat as downtrend pressure still sustain as we see over the chart

market will face support at 44.40-60, where below this zone expect more drop toward 42.30

above 46.95 market may add more advance toward 48.00-50

  Support Resistence
Level 1 44.40 46.00-40
Level 2 43.50 46.95
Level 3 42.30
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