Oil 6Q – New Contract
47.80
As we see over our previous chart, market managed to sustain drop where the new contract still holding inside the rising wedge formation
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
market fell below 47.90 in signs of more drop yet to come
| Support | Resistence | |
| Level 1 | 47.20.40 | 49.30 |
| Level 2 | 45.50 | 50.60 |
| Level 3 | 43.00 | 51.50 |
