Oil 6H – old Contract
30.05
Market managed to jump above 29.40 while Market speculating ability of OBEC to cut production which helped Oil prices to head for rebound correction
short-run still under drop pressure while market seems heading to test resistance line around 31.80-32.00 zone
as long as market holding below 32.00 we shall see another drop to visit 28.70 and 27.00 zone
above 32.00 market will add risk for farther advance toward 33.50 – 34.50 zone
| Support | Resistence | |
| Level 1 | 29.65 | 30.60 |
| Level 2 | 28.70 | 3180-32.00 |
| Level 3 | 27.00 | 33.50 |
