Oil (F) 2016-08-18

0 1

New Contracat (CL-6V)

we still holding our last view

market managed to break above downtrend line where market will face support zone at 46.00-25 for the new contract

as long as market holding above 46.00 the uptrend wave will sustain toward 48.00-25 zone where above this zone will expect farther advance toward 50.00

below 46.00 market may add more drop correction toward 44.50-70 before uptrend back to control market toward 48.00-25

  Support Resistence
Level 1 46.00-20 48.00-25
Level 2 44.50-70 49.15
Level 3 43.50 50.00

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