USOIL 47.45 / 47.51

Sep 30

TECHNICAL ANALYSIS BY NSFX 30.09.2016

By:Simone Bettenzana

High: 47.72 Low: 47.44

The commodity is developing a symmetrical triangle, and a breakout of the higher side can lift Crude Oil  to 49.38 and then to 52.  Beneath 45.7 the commodity would test 42.81 and below this area Crude Oil it may test 40.

 

R3 52
R2 49.38
R1 48
S1 45.7
S2 42.81
S3 40