Oil (F) 2016-08-01

market managed to sustain drop movement along with our expectation after breaking below 42.30 zone

market still have short-run target toward 38.00-20 which may drive for rebound correction toward 41.00

above 42.50 this may give market farther advaance toward 43.50 and 44.50

  Support Resistence
Level 1 40.00 42.20-50
Level 2 39.20 43.50
Level 3 38.00-20 44.50

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