Oil (F) 2016-01-25

Oil 6H –

31.40

Oil prices faces new drop pressure As Iran emerges from a decade of international sanctions while Saudi Aramco Says It’s Sustaining Investments in energy projects.

as we see over the chart market managed to rebound to re-test downtrend line while as long as market holding trades below 34.30 the downtrend pressure will sustain to test 25.50 zone

above 34.40 market may have chance to dd more advance to test 37.50-75 zone

	Support	Resistence
Level 1	30.80	32.75
Level 2	29.95	34.40
Level 3	28.00	37.50-75