Oil 6H –
30.65
Market failed to obtain any daily close above 34.30 as OPEC delegate said no plan for any production cut with Russia which placed market on uncertainty about such cut .
market built new resistance zone at 34.50-80 where as long as market holding below this zone the drop wave will sustain , while market retreated as expected below 32.40 which added more drop pressure over market for short-run
market now facing support zone at 29.25 which may drive market for some trading zone between 29.25 – 33.00 zone before market continue drop to re-test 27.60 zone
above 34.80 market may sustain advance toward 37.00 zone
| Support | Resistence | |
| Level 1 | 30.15 | 31.25 |
| Level 2 | 29.25 | 31.80 |
| Level 3 | 28.25 | 32.75-33.00 |
