Oil (F) 2016-07-05
As we advised last week, Market managed to sustain rebound where managed to test downtrend line around 50.00 zone while market managed to hold trades below 50.00 where a drop toward 46.40-80 zone still on hand as we see over our previous chart
above 50.00 will expect farther advance toward 51.65 and 53.00
below 45.80 market may trigger new downtrend wave toward 42.50
Support | Resistence | |
Level 1 | 46.40-60 | 47.90 |
Level 2 | 45.60-80 | 48.50 |
Level 3 | 43.05 |