Oil (F) 2016-11-29

Market managed to head for rebound correction toward target 47.50 as we advised yesterday

Now we see opportunity for another drop toward 42.20-50 in case if market managed to obtain daily close below 45.50

As market closing from OPEC meeting for the production cut deal with speculation deviate between ‘deal, no-deal’ the market will have the chance for up & down movement

Above 49.35 more advance toward 51.50 will be available

	Support	Resistence
Level 1	45.55	47.65
Level 2	44.55	49.35
Level 3	42.20-50	51.50