Oil (F) 2016-02-25

Oil 6J – New Contract

32.00

As we see over the chart, market managed to rebound fast after US inventory yesterday while market still facing resistance zone at 32.40 – 33.10

as long as market holding below this zone we will stick with our model for more drop toward 29.40 and 27.55

above 33.10 market may head again to re-test 34.50-80 resistance zone

	Support	Resistence
Level 1	30.50-70	32.40-60
Level 2	29.40	33.10
Level 3	27.55	34.50-80