Oil (F) 2016-07-22
we still holding our previous projection over Oil as we see over chart, market back to the drop movement after hit 46.10 zone in the last 2 days where downtrend pressure still sustain as long as market holding below 46.95 where short-run target still toward 42.30
above 46.10 market may add more advance while above 46.95 expect additional movement toward 48.00-50 zone
Support | Resistence | |
Level 1 | 43.50 | 45.15 |
Level 2 | 42.30 | 46.10 |
Level 3 | 41.00 |