Oil 6N – new contract
48.40
Market managed to fell below 48.40 in signs of more drop yet to come
market now facing resistance at 48.75 where as long as market holding below this resistance more drop is expected toward 47.45 zone where from there a rebound correction toward 49.40 may hit the market
below 47.40 market may resume drop toward 45.50 zone
| Support | Resistence | |
| Level 1 | 47.40 | 48.75 |
| Level 2 | 46.25 | 49.40 |
| Level 3 | 45.50 | 50.60 |