Oil (F) 2017-07-05

Oil managed to hit 47.20 zone before heading for some drop correction

short-run see support at 44.80 where as long as market holding above this zone more advance toward 49.15 is expected

below 44.80 more drop toward 43.00 zone is expected

Support Resistance
Level 1 45.90 47.25
Level 2 44.80 48.10
Level 3 43.00 49.15

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