Oil (F) 2016-10-25

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market managed to add more drop below 50.35 levels while so far still holding trades above main support level 49.15

we adjusted the support line as we see over the chart, and so as long as market sustain trades above 49.15 the uptrend wave will sustain toward 52.40-60 as first target

first support for this model laying at 50.25-35 zone

below 49.15 market my add more drop where another support at 48.25-35 zone

  Support Resistence
Level 1 50.25-35 51.00
Level 2 49.15-25 52.40-60
Level 3 48.25-35 53.50


or practice on DEMO ACCOUNT

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