Forex Trading Library

Oil (F) 2016-01-13

0 129

Oil

31.25

short-run showing continues drop pressure over Oil where market facing several resistance level starting from 31.50 , 32.25-35 , 34.25-35 as long as market holding trades below those resistance levels the downtrend will sustain toward target 28.60.

above 34.35 market may trigger bigger rebound correction toward 36.70 and 37.50

  Support Resistence
Level 1 30.40 31.50
Level 2 29.50 32.25-35
Level 3 28.60 34.25-35
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