Forex Trading Library

Oil (F) 2016-11-02

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market managed to head toward 46.30-50 target as we mentioned yesterday while market managed to break below this support giving the way toward new target toward 44.30-50 as we advised yesterday.

Market now facing resistance zone at 46.30-50 where as long as market holding trades below, the downtrend will sustain toward 44.30-50 zone

  Support Resistence
Level 1 45.25 46.30-50
Level 2 44.30-50 47.50
Level 3 42.80 49.10
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