Oil (F) 2016-01-04
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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 |