Oil (F) 2016-02-22
Oil 6J – New Contract
32.90
As we see over the chart, we expected trading zone between 30.70 – 33.60 , while market managed to rebound as Oil holding trades above 30.70
we still holding our last model that from 33.60 market may face another drop pressure to visit 29.40 & 27.50
above 34.80 this will be a market break which may drive to farther rebound toward 37.00-50 zone
Support | Resistence | |
Level 1 | 30.70 | 33.60 |
Level 2 | 29.40 | 34.20 |
Level 3 | 27.60 | 34.80 |