Oil (F) 2016-05-02

Posted on

Oil 6M – New Contract

45.60

market managed to advance toward our expected zone 46.60-70 before market retreat as expected

market now searching to test support zone 44.00 – 45.00 where as long as market holding above 44.00 will expect another advance movement toward 48.35 target zone

below 44.00 market will face support at 42.40

  Support Resistence
Level 1 44.00-45.00 46.10
Level 2 42.40 47.00-10
Level 3 39.40 48.35
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