Oil (F) 2016-04-04
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Oil 6K –
36.80
As we advised before for the short-run, market managed to sustain drop toward target 36.15 zone
market now and as we see over the chart have chance for some trading zone between 36.00 – 38.00
as long as market holding below 38.00 will expect farther drop movement to break below 36.00, while above 39.00 zone market may enter a rebound correction wave that may drive toward 42.00 zone
Support | Resistence | |
Level 1 | 36.15 | 37.20 |
Level 2 | 35.50 | 38.00 |
Level 3 | 34.25 | 39.00 |