Oil (F) 2016-06-24

Oil 6Q –

47.80

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

below 46.40 market may head for farther drop toward 42.30

	Support	Resistence
Level 1	46.40	50.40
Level 2	45.50	51.65
Level 3	43.90	53.80