Oil (F) 2016-07-27

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Market managed to sustain downtrend wave where closed yesterday from our target 42.30 zone

market may head for some rebound correction from 42.30 where will face resistance zone at 44.50 and 46.10

as long as market holding trades below one of those resistance the downtrend wave may expand toward 38.00-20 zone

  Support Resistence
Level 1 42.30 44.50
Level 2 41.00 46.00
Level 3 38.00-20

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss