Oil (F) 2016-02-26

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Oil 6J – New Contract


Oil soar on Venezuela asked for meeting with Saudi Arabia and Russia next month where market speculate a possible action to stabilize Oil prices

market managed to obtain almost full rebound correction while market prices still holding below resistance 34.20

as long as market holding below 34.20 our view will sustain the same with another drop toward 29.40 and 27.55

above 34.80 market will have a chance for farther advance toward 36.50-37.00 zone

  Support Resistence
Level 1 32.75 34.20
Level 2 32.30 34.80
Level 3 31.50 36.50


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