Oil (F) 2017-06-16

Jun 16, 11:34 am

as we advised last week and as we see over our previous chart

Oil manged to sustain drop toward target 45.50 

market now facing old support zone at 43.75 which if managed to hold the market another rebound wavee may hit the market toward 49.00-50.00 zone

below 43.75 more drop may hit the market toward 42.20 and 39.30

  Support Resistance
Level 1 43.75 47.10-30
Level 2 42.20 48.00
Level 3 40.40 49.50
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