Oil (F) 2016-08-08

We advised last Friday that above 42.20 market may activate bigger rebound correction toward 44.40 while market will face another resistance at 43.50

market now facing support at (41.05-50) zone where as long as holding above expect farther advance to test 43.50 and 44.40

below 41.05 market may head again to test 39.25-50 zone

	Support	Resistence
Level 1	41.50	43.50
Level 2	40.40	44.40
Level 3	39.25	46.00