Oil (F) 2016-09-19
market managed to head for some rebound correction after printing 42.75 low last week, while New Contract still facing drop pressure
market will face resistance zone at 44.70 – 45.35 where as long as market holding below this zone more drop yet to come toward 41.00 zone
above 45.35 market may add more advance where next resistance at 46.35-50 zone
Support | Resistence | |
Level 1 | 43.00 | 44.70 |
Level 2 | 42.00 | 45.35 |
Level 3 | 41.00 | 46.35-50 |