Oil (F) 2016-09-09
Market managed to break above 46.60 resistance after the big shortage in US inventory which may add more advance over the short-run
as long as market holding above 46.60 will expect more advnce toward 48.30-50 zone
below 45.75 market may back to downtrend pressure where more drop may set toward 44.00-20 zone
Support | Resistence | |
Level 1 | 46.60 | 48.30-50 |
Level 2 | 45.75 | 49.35 |
Level 3 | 44.20 | 50.40 |