Oil (F) 2016-10-07

Posted on

as we advised earlier this week 

Crude Oil managed to hit above 49.35 resistance level which provided more signals of farther advance toward 51.20-60 resistance zone

market first support laying at 48.25 where as long as market holding above this level the uptrend will sustain toward farther advance where target now at 51.20-60 zone

below 48.25 market may add more drop correction toward 46.50-47.00 zone

  Support Resistence
Level 1 49.35 51.20-60
Level 2 48.25 53.00
Level 3 47.00-20 54.60
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