Oil (F) 2016-02-18
Oil 6H – old Contract
31.48
Oil prices headed for more advance on Iran joining production freeze
as we see over the chart, market managed to hit above 31.50 which indicating ability for farther advance towrd 33.50 – 34.10 zone
as long as market holding trades above 30.40 expect farther advance toward 33.50 and above
below 30.40 market may add more drop to test 28.70-90 support zone
Support | Resistence | |
Level 1 | 30.40 | 32.40 |
Level 2 | 28.70-90 | 33.50 |
Level 3 | 27.00 | 34.50 |