Oil (F) 2016-10-26

market managed to sustain drop movement where indicators showing ability for more drop toward 48.25-50 support zone

as long as market holding below resistance 50.00 the downtrend will continue to test support 48.25-50

from that zone market may reverse toward uptrend again where target will be toward 52.00

below 48.25 more drop will be expected toward 46.25

watch US Oil Inventory today

	Support	Resistence
Level 1	48.25-50	50.00
Level 2	47.50	51.00
Level 3	46.25	52.40