Oil 6H –
33.10
Market failed to obtain any daily close above 34.30 as OPEC delegate said no plan for any production cut with Russia which placed market on uncertainty about such cut .
market built new resistance zone at 34.50-80 where as long as market holding below this zone the drop wave will sustain on market, while first support at 32.40-60 and 31.40
first sign of weakness will be below 32.40 zone
above 34.80 market will add signals for farther advance toward 37.50-75 zone
Support | Resistence | |
Level 1 | 32.40 | 34.30 |
Level 2 | 31.40 | 34.80 |
Level 3 | 29.25 | 36.00 |