Oil (F) 2016-07-25

Jul 25, 11:52 am

As we advised last week,

we still holding our previous projection over Oil as we see over chart, market back to the drop movement after hit 46.10 zone last week 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 44.35
Level 2 42.30 45.15
Level 3 41.00
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