Oil (F) 2016-08-31

Crude Oil managed today to test support zone of the uptrend channel around 45.50-70 as we see over the chart

As long as market holding above this zone the uptrend wave will sustain target toward 50.00-40

Below 45.50 more drop will be expected toward 44.50 and 43.50

	Support	Resistence
Level 1	45.50-70	46.55
Level 2	44.50	47.45
Level 3	43.50	48.40