Oil (F) 2016-11-01

as we advised yesterday, market managed to hold downtrend pressure where closing now from testing target and support zone 46.30-50

as long as market holding above this support zone a rebound correction may hit market toward 49.10 zone

below 46.30 more drop may hit the Oil toward 44.30-50 zone

  Support Resistence
Level 1 46.30-50 47.25
Level 2 44.30-50 49.10-30
Level 3 42.70 50.10

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