Oil (F) 2017-09-04

Crude Oil managed to advance above 47.20 while market facing downtrend resistance line at 47.80

As long as market holding below 47.80 another drop chance may hit market toward 46.55 or 45.60-80 zone while from there the uptrend may re-activate again toward 49.50

Below 45.40 more drop toward 44.00 will be expected

	Support	Resistance
Level 1	46.55	47.80
Level 2	45.40-60	48.80
Level 3	44.00	49.50