Oil (F) 2016-01-12
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Oil
31.30
short-run showing continues drop pressure over Oil where market facing several resistance level starting from 31.50 , 32.25-35 , 34.25-35 as long as market holding trdes below those resistance levels the downtrend will sustain toward target 28.60.
above 34.35 market may trigger bigger rebound correction toward 36.70 and 37.50
Support | Resistence | |
Level 1 | 30.40 | 31.50 |
Level 2 | 29.50 | 32.25-35 |
Level 3 | 28.60 | 34.25-35 |