Oil 6N – new contract
49.15
Market managed to head for another test for resistance zone 49.40-50 which managed to hold the market so far
market facing support level at 48.40 where as long as market holding above this support the uptrend will sustain toward 50.50-90 zone
below 48.40 will be sign of more drop yet to come toward 45.50 while market may face support at 47.25
| Support | Resistence | |
| Level 1 | 48.40 | 49.50 |
| Level 2 | 47.25 | 50.50-90 |
| Level 3 | 45.50 | 52.00 |
