Oil (F) 2016-03-24
Oil 6K –
38.80
as we see over the chart, market managed to fell below our support 39.80-40.00 where we advised before that below this zone farther drop may hit toward 37.70 zone
market may head for trading zone between 37.70 – 40.00
as long as market holding below 40.40 expect the drop correction to sustain toward 37.70
Support | Resistence | |
Level 1 | 37.70 | 39.80 |
Level 2 | 37.20 | 40.40 |
Level 3 | 36.15 | 41.50-70 |