Oil (F) 2016-08-11

Aug 11 2016, 11:34 am

market managed to head toward second target 41.05-30 zone after breaking below 42.05 as we advised yesterday

market may continue rebound from 41.05 support where resistance now at 42.10 zone

as long as market holding trades below 42.10 another drop wave may hit market toward 39.80

above 42.10 market may add more bonus where old resistance at 43.50

  Support Resistence
Level 1 41.05 42.10
Level 2 39.80 43.50
Level 3 39.25 44.40
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