Oil (F) 2016-08-12

Aug 12 2016, 11:56 am

market managed to rebound as we advised yesterday, while managed to jump above 43.50 where market will face resistance at 44.40 zone

if market failed to break above 44.40 another drop correction toward 41.05-30 will be expected

above 44.40 more advance may be available while main resistance at 46.00-10 zone

  Support Resistence
Level 1 43.10 44.40
Level 2 41.05-30 46.00
Level 3 39.25 47.60
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