Oil (F) 2016-09-08

Market managed again to head for rebound correction to re-test 46.60 resistance zone

however, we advised last week that main resistance level still at 46.60 where as long as market holding below this level another drop wave will be available toward 42.00-20 zone and 41.00 target

uptrend risk will rise if market jumped above 46.60 where prices will face resistance at 47.35 and 48.45

	Support	Resistence
Level 1	45.35	46.60
Level 2	44.50	47.35
Level 3	43.00	48.30-50