Oil (F) 2016-05-02

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