Oil (F) 2016-02-25
Oil 6J – New Contract
32.00
As we see over the chart, market managed to rebound fast after US inventory yesterday while market still facing resistance zone at 32.40 – 33.10
as long as market holding below this zone we will stick with our model for more drop toward 29.40 and 27.55
above 33.10 market may head again to re-test 34.50-80 resistance zone
Support | Resistence | |
Level 1 | 30.50-70 | 32.40-60 |
Level 2 | 29.40 | 33.10 |
Level 3 | 27.55 | 34.50-80 |