Forex Trading Library

Oil (F) 2016-01-04

0 155

Oil

37.60

As we see over the chart market seems heading to build falling wedge which may case a big rebound correction toward 56.00-58.00 zone over short-run.

market may sustain trades inside 33.00 – 42.50 for the short run while any break above 42.50 will set target toward 56.00-58.00 zone

  Support Resistence
Level 1 34.60 39.00
Level 2 33.60 42.00-50
Level 3 32.80 48.25
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