Oil (F) 2016-06-23

Oil 6Q – New Contract

49.80

As we advised before, Market managed to rebound from 46.40 where market may set new uptrend channel

as long as market holding above this support 46.40 a trading zone may hit the market between this support and resistance 53.80

market will face mid resistance at 51.65 , while support at 47.40-70

	Support	Resistence
Level 1	48.40	50.60
Level 2	47.40	51.65
Level 3	46.40	53.80