Oil (F) 2016-08-23
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 |