Oil (F) 2016-10-11

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market managed to hit target and resistance zone 51.20-60 where market so far managed to retreat from this resistance level with ability for more drop correction

as long as market holding below 51.60 will expect more drop correction to test 48.75-49.25 support zone which may drive market for another advance

below 48.75 expect more drop toward 47.90

  Support Resistence
Level 1 48.75-49.25 51.20-60
Level 2 47.90 53.00
Level 3 46.90 54.50
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