Forex Trading Library

Oil (F) 2016-08-10

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market managed to retreat from 43.50 resistance zone as we advised yesterday while market managed so far to hold trades above support 42.05

as long as market holding above 42.05 another rebound toward 43.50 will be available while above 43.50 expect 44.40 zone

below 42.05 market may continue the drop correction toward 41.05-30 support zone

  Support Resistence
Level 1 42.05 43.50
Level 2 41.05-30 44.40
Level 3 39.25 45.60-80
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