Oil (F) 2016-01-11

Oil

32.60

As we see over the chart market managed to fell below support line of the falling wedge where managed to hit below support 33.60

short-run showing resistance at 34.25-55 zone where as long as market holding below this zone the downtrend may sustain toward 28.60

above 34.25-55 market may sustain advance toward 36.90-37.35 zone

	Support	Resistence
Level 1	32.20	34.25-55
Level 2	31.40	35.50
Level 3	30.20	36.90-37.35