Oil (F) 2017-03-13

Crude Oil managed to fell below 48.80 where managed to trigger more drop pressure for the coming short-run as we advised last week

market now looking for farther drop to test 46.00-20 zone which may trigger another rebound correction toward 51.00 zone

below 45.90 more drop toward 44.00 will be available

	Support	Resistance
Level 1	47.50	50.10
Level 2	46.00-20	51.20
Level 3	44.00	52.50