Oil (F) 2017-05-01

we still holding our last week outlook for the Crude oil

as we see over the chart, crude oil still holding trades above short-run trend line where main support at 47.10-30 zone

as long as market holding above this zone another advance wave may hit the market toward 54.50-55.00 zone

below 47.00 more drop toward 44.00 is expected

	Support	Resistance
Level 1	48.85	51.40
Level 2	48.20	52.90
Level 3	47.10-30	53.75