Oil (F) 2016-10-27
Crude Oil hit trading zone after US inventory yesterday where market failed to break above resistance 50.00-10
market facing support zone at 48.50-70 where as long as market holding above this zone another advance wave will be expected toward 51.60 and 52.40
below 48.50 expect farther drop toward 46.50
Support | Resistence | |
Level 1 | 48.50-70 | 50.10 |
Level 2 | 47.40 | 51.60 |
Level 3 | 46.50 | 52.40 |