Forex Trading Library

Oil (F) 2016-08-23

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market managed to sustain drop as we advised in last report while managed to fell below support 47.40 where market rising chance for testing support zone 46.00-20

from that zone will expect the uptrend pressure to back again where market still looking toward farther advance to 50.50

below 46.00 market may add more drop movement

  Support Resistence
Level 1 46.00-20 47.40
Level 2 45.05 48.55
Level 3 44.40 49.35
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