Oil (F) 2017-08-17

Crude Oil managed to fell below 46.80 which may add more drop pressure for farther drop

as long as market holding below 47.25 another drop wave will be expected toward 45.40-60 which may trigger rebound correction

below 45.40 more drop toward 43.70 will be expected

while above 48.00 more advance toward 49.50 is expected

	Support	Resistance
Level 1	45.40-60	47.5
Level 2	43.70	48.00
Level 3	42.20	49.50