Oil (F) 2016-03-03

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Oil 6J – New Contract

34.50

Market managed to print above resistance 34.80 before market retreat to obtain daily close below it

so far market building farther rebound advance where target 36.50 may be available over short-run

first support at 33.35-55 zone

while as long as market holding trades below 36.50 will expect another drop toward 31.00 zone

above 36.50 market may head to test 37.50-80 zone

  Support Resistence
Level 1 33.35-55 35.15
Level 2 32.35 36.30-50
Level 3 30.55 37.50-80

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