Oil (F) 2017-10-09

Oil managed to hit below 49.40 in signs of more drop yet to come

We advised last week that below 49.40 another drop wave may hit the market toward 47.50-70 zone

Above 49.75 market may add more advance where another resistance laying at 51.00-20 zone

	Support	Resistance
Level 1	49.00	49.75
Level 2	47.50-70	51.00-20
Level 3	46.40	52.20