Oil (F) 2016-06-14

Oil 6N –

48.20

As we see over the chart, market managed to sustain drop where managed today to test support line of the rising wedge around 48.00 zone

market still have chance for another rebound toward 50.60 zone as long as market holding above support line 47.90

below 47.40 this will be sign of more drop toward 45.50 zone

Support Resistence
Level 1 47.40-90 49.30
Level 2 45.50 50.60
Level 3 43.00 51.50

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