Oil (F) 2016-07-20

Jul 20, 11:34 am

Market managed to head toward our first support zone 44.40-60 as we advised before 

today will set range for the new contract CL-6U which open with gap of 0.90$ from the old contract

as long as the new contract holding trades below 46.95 the downtrend will sustain toward 43.50 and will have chance for more drop toward 42.30

above 46.95 market may add more advance toward 48.00-50 zone

 SupportResistence
Level 144.40-6045.50
Level 243.5046.95
Level 342.30
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