Oil (F) 2016-08-03
As we advised before , market facing 40.60 & (41.85 – 42.20) resistance levels where :
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
market managed to hit above 40.60 yesterday before resuming the drop movement while same resistance levels sustain on market
| Support | Resistence | |
| Level 1 | 39.25 | 40.60 |
| Level 2 | 38.00-20 | 41.85-42.20 |
| Level 3 | 36.60 | 43.50 |


