Oil (F) 2016-09-27
as we see over our previous chart and as we advised yesterday
market managed to hed for fisrt drop wave from resistance zone 46.50-75 as we advised last week
market managed to rebound yesterday toward 46.20, while as long as market holding below 46.50-75 another drop wave will be valid toward 41.00 zone where market will face initial support zone at 42.75-43.05
above 46.75 market may add more advance where second resistance at 47.75
Support | Resistence | |
Level 1 | 44.20 | 46.30-50 |
Level 2 | 42.75-43.05 | 47.75 |
Level 3 | 41.00 | 49.35 |