Oil (F) 2016-11-09

Nov 09, 11:46 am

we still holding our previous outlook

Crude Oil managed today to print above 45.10 which may be the first sign of farther advance

Market may head for another drop correction where support at 44.35 and 43.50 while as long as market holding above 42.80 another advance will be expected toward 45.90 and 47.20-50 zone

Below 42.80 more drop may affect market toward 41.10

  Support Resistence
Level 1 42.80 45.35
Level 2 41.10 45.90
Level 3 40.25 47.20-50
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