Oil (F) 2017-01-23

we still holding our previous short-run outlook

Short-run showing uptrend wave where support zone at 48.80-49.20

As long as market holding above this zone another uptrend wave may hit the market toward (58.00-60.00) zone

below 48.80 another drop wave may control mrket toward 45.00 zone

	Support	Resistance
Level 1	50.70	53.50
Level 2	49.80	54.30
Level 3	48.80	55.60