Oil (F) 2016-10-07

as we advised earlier this week 

Crude Oil managed to hit above 49.35 resistance level which provided more signals of farther advance toward 51.20-60 resistance zone

market first support laying at 48.25 where as long as market holding above this level the uptrend will sustain toward farther advance where target now at 51.20-60 zone

below 48.25 market may add more drop correction toward 46.50-47.00 zone

	Support	Resistence
Level 1	49.35	51.20-60
Level 2	48.25	53.00
Level 3	47.00-20	54.60