Oil (F) 2016-08-08
We advised last Friday that above 42.20 market may activate bigger rebound correction toward 44.40 while market will face another resistance at 43.50
market now facing support at (41.05-50) zone where as long as holding above expect farther advance to test 43.50 and 44.40
below 41.05 market may head again to test 39.25-50 zone
Support | Resistence | |
Level 1 | 41.50 | 43.50 |
Level 2 | 40.40 | 44.40 |
Level 3 | 39.25 | 46.00 |