Oil (F) 2017-01-12

Jan 12, 12:34 pm

we still holding our previous short-run outlook

Short-run showing uptrend wave where support zone at 48.80-49.20

As long as market holding above this zone another uptrend wave may hit the market toward (58.00-60.00) zone

below 48.80 another drop wave may control mrket toward 45.00 zone

  Support Resistance
Level 1 52.00 54.30
Level 2 50.70 55.20
Level 3 48.80-49.20 56.00
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