Oil (F) 2016-08-29

Posted on

Oil managed to hold so far support zone 46.00-20 intact while as long as market holding above this zone the target will remain toward 50.00-40 zone

Below 46.00 market may add more drop toward 45.30-40 which may provide another rebound chance

Below 45.20 market may head to test 44.00-40 zone

  Support Resistence
Level 1 46.00-20 48.45
Level 2 45.30-40 49.35
Level 3 44.00-40 50.00-40
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