Forex Trading Library

Oil (F) 2015-12-08

0 153

Oil (CL_6F)

37.90

Market sustain drop movement as OPEC refrain from placing production limits which indicate increasing supply on Oil market

market managed to hit below 37.60 indicating farther drop toward 33.60-34.50 zone

resistance at 39.20-40.00 zone, where as long as market holding below those levels will expect drop movement to continue

  Support Resistence
Level 1 37.60 39.20
Level 2 35.00 40.00
Level 3 34.50 43.40
Leave A Reply

Your email address will not be published.