Oil (F) 2016-08-16

Oil (F) 2016-08-16

Market managed to head to test downtrend line for the Old contract around 46.00 zone on speculation for Oil output freez

market still have chance for drop correction toward 43.10-50 as long as market holding below 46.20 zone

above 46.20 market will set target toward 48.10 while another resistance layint at 46.95

Support Resistence
Level 1 45.30 46.20
Level 2 44.60 46.95
Level 3 43.10 48.10

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