Oil (F) 2016-07-20
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
Support | Resistence | |
Level 1 | 44.40-60 | 45.50 |
Level 2 | 43.50 | 46.95 |
Level 3 | 42.30 |