Oil (F) 2015-03-10

0 4

Oil (5J) 49.63

Oil in a bigger trading range

Market managed to add more drop pressure after the International Energy Agency predicting the lowest demand growth since 2009

Market still holding drop pressure over WTI where Global economic slowdown with reducing expected Oil demand add more drop pressure

Short-run

Market is trading in a trading range ; in case market has successfully break under 48.50 the market would continue its mid-term down trend to 45s then to 42s.

Daily Trend: UP
Weekly Trend: Down

  Support Resistence
Level 1 47.30 54.25
Level 2 44.80 56.60
Level 3 43.50 58.50

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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