Forex Trading Library

Oil (F) 2016-02-18

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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
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