Oil 6M – New Contract
45.60
As we see over the chart, market managed to hold strong above support 43.25 where market managed to advance where facing now resistance at 46.15 and 46.75
as long as market holding below 46.75 market will have chance for another drop correction toward 44.00 zone
while trend support at 41.50-42.00 which need market to break below 43.25 to sustain such drop.
above 46.75 market may sustain advance toward Mid-Run target 48.35-75 zone
in general as long as market holding daily close above 43.25 the uptrend will sustain
| Support | Resistence | |
| Level 1 | 44.35 | 46.15 |
| Level 2 | 43.25 | 46.75 |
| Level 3 | 42.00 | 48.35-75 |
