Forex Trading Library

Oil (F) 2016-05-13

0 171

Oil 6M –

46.10

As we advised this week ” 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 ” already done at market

market managed to hold our support and headed toward 46.15 where managed to break above it in sign of ability to resume uptrend toward target 48.35-75

as long as market holding above 44.00 uptrend will sustain, while below 44.00 market may head for farther drop toward 39.40

  Support Resistence
Level 1 43.95 46.75
Level 2 43.00 48.35-75
Level 3 41.50-42.00 49.80
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