Oil (F) 2016-11-24

as we see over our previous chart, we advised yesterday that as long as market holding below resistance 49.35 another drop correction may hit the market toward 45.55 zone

market mnaged 2 days ago to hit drop movement toward 47.17 while more drop still available as long as market holding below 49.35

abobe 49.35 Oil may build another uptrend wave toward 51.40-60 zone

Support Resistence
Level 1 47.15 49.35
Level 2 46.40 50.10
Level 3 45.55 51.40-60

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