Oil (F) 2016-10-28

Posted on

as we advised yesterday

Crude Oil hit trading zone after US inventory yesterday where market failed to break above resistance 50.00-10

market facing support zone at 48.50-70 where as long as market holding above this zone another advance wave will be expected toward 51.60 and 52.40

below 48.50 expect farther drop toward 46.50

  Support Resistence
Level 1 48.50-70 50.10
Level 2 47.40 51.60
Level 3 46.50 52.40
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