Oil 6N – new contract
48.45
the new contract managed to break above uptrend channel where market built support at 48.50 zone
as long as market holding above 48.50 will expect farther advance toward 50.50-90 zone where from there another drop correction toward 48.50-49.00 zone may hit the market
while below 48.50 market may add more drop risk where support laying at 45.50
| Support | Resistence | |
| Level 1 | 48.50 | 49.40 |
| Level 2 | 47.00 | 50.50-90 |
| Level 3 | 45.50 | 52.00 |