Oil (F) 2016-11-02
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 |