Oil (F) 2016-02-12
Oil 6H –
27.45
market managed to fell below 27.60 activating another drop wave that may sustain drop to test 24.80 zone
we will expect a coming trading zone between 24.50 – 28.00 for the coming short-run, while this downtrend wave will sustain as long as market holding trades below 29.40
Intraday trading: short-run showing ability for small trading zone between 26.00 and 29.00-40 zone before market continue drop to test 24.80
Support | Resistence | |
Level 1 | 26.00 | 27.85 |
Level 2 | 25.50 | 29.00-40 |
Level 3 | 24.80 | 31.80 |