Oil (F) 2016-05-11

Oil 6M – New Contract

44.25

As we see over our previous chart, market managed to retreat from 46.15 resistance while managed to hit below 43.25

market managed to hit above resistance 44.50 zone where as long as market holding above 43.95 the uptrend will sustain toward 46.15 zone

market still holding chance for more drop toward 41.50-42.00 or to resume advance toward 46.15 where market awaiting US inventory today

	Support	Resistence
Level 1	43.95	44.75
Level 2	43.00	45.50
Level 3	41.50-42.00	46.15