Oil (F) 2016-07-19

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