Oil (F) 2016-03-16

Oil 6K – New Contract

38.80

as we see over our previous chart, Market still holding same support zone for the New Contract Oil where support expected to be at 36.00-50 zone where as long as market holding above this zone will expect trading zone between 36.00 – 40.00

above 40.00 market may hold advance toward 42.00 zone while below 35.70 market will send weak signals where a daily close below 35.20 will set the market for drop correction toward 31.00 zone

	Support	Resistence
Level 1	37.20	39.10
Level 2	36.00-50	40.20
Level 3	35.20	42.00