Oil (F) 2016-02-29

0 2

Oil 6J – New Contract

32.70

As we see over the chart, market failed to break above resistance 34.80 which hold the downtrend pressure back over Oil

as we advised before as long as market holding below 34.80 the downtrend pressure will sustain for another drop to test 29.40 and 27.55

above 34.80 market may sustain advance toward 36.50-37.00 zone

  Support Resistence
Level 1 32.30 33.60-80
Level 2 30.50-70 34.40-80
Level 3 29.40 36.00

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