Oil 6Q – New Contract
49.55
As we see over our previous chart, Market managed to rebound from 46.40 where market may set new uptrend channel
as long as market holding above this support market may rebound again to test 51.00-60 resistance zone before back to the drop movement in what we may call a trading zone
above 51.65 market may head for farther advance toward 53.80 zone
| Support | Resistence | |
| Level 1 | 48.50 | 49.95 |
| Level 2 | 47.40 | 50.60 |
| Level 3 | 46.40 | 51.65 |
