Oil (F) 2015-10-02

Oil (CL_5X)
45.25

A descending triangle, theoretically, this triangle should be broken downward because of increasing selling pressure, however, there is no SHOULD word to be said in the market. Awaiting a confirmation evidence for breakout of that pattern. 44/49 could be considered as the lower band and upper band of that range, respectively.

	Support	Resistence
Level 1	44.20	45.50
Level 2	43.80	46.20
Level 3	42.50	47.20