Oil (F) 2016-11-16

Nov 16 2016, 12:02 pm

Crude Oil managed again to head for rebound correction to test resistance zone 45.95 while market managed to print high at 46.17 before retreating again below resistance 45.95

we will expect another drop to visit 42.80-43.20 as long as market holding trades below 45.95

above 46.15 market will add risk for farther advance 

  Support Resistence
Level 1 45.15 46.15
Level 2 44.25 46.70
Level 3 42.80-43.20 47.75
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