Oil (F) 2016-02-22

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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

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