Oil 6M – New Contract
43.20
Oil broke above (42.40-43.50) resistance zone which placed Oil on uptrend rally as US Oil output drop.
market now facing first support at (42.40-90) where as long as market holding above the uptrend rally will sustain toward (45.20) and (48.35)
below (42.40) market may add more drop correction toward 39.40-90 zone before resume the uptrend wave as we see over the chart
| Support | Resistence | |
| Level 1 | 42.40-90 | 45.20 |
| Level 2 | 39.40 | 48.35 |
| Level 3 | 35.35 | 50.80 |