Oil (F) 2016-02-25

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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

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss