Oil (F) 2016-08-24

As we see over the chart and as we advised yesterday, as long as market holding above 46.00-20 support zone the uptrend is expected to sustain toward targets 50.50

market awaiting today US inventory which may drive for farther advance toward targets

while below 45.90 market may add more drop pressure to head to test 44.40-60 zone which may provide another rebound correction toward 47.50

	Support	Resistence
Level 1	46.00-60	48.30
Level 2	44.40-60	49.15
Level 3	43.00	50.50