Oil (F) 2016-10-13

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Market managed so far to retreat from our resistance zone 51.20-60 where managed to print low of 49.60

market Intraday resistance level at 50.40 where as long as market holding below this zone more drop still have chance toward 48.75-49.25 support zone which may drive the market back toward 51.20-60 zone

above 50.40 will expect another advance toward 51.20-60 zone

below 48.75 more drop will be available toward 47.90 and 46.90

  Support Resistence
Level 1 48.75-49.25 50.40
Level 2 47.90 51.20-60
Level 3 46.90 53.00
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