Oil (F) 2016-08-02

Posted on

Market sustain the drop movement while hit 39.85 today where market will face resistance at 40.60 and (41.85 – 42.20) for the short-run

as long as market holding below one of those resistance the downtrend movement willl sustain toward 38.00-20 zone

above 42.20 market may add more bonus toward 43.50 zone

  Support Resistence
Level 1 39.80 40.60
Level 2 39.00 41.85 – 42.20
Level 3 38.00-20 43.50
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