Oil (F) 2016-03-07

Posted on

Oil 6J – New Contract

36.40

As we see over the chart, market managed to sustain advance where managed today to test resistance downtrend channel

zone of 36.70 – 38.10 will consider the resistance zone for this scenario where as long as market holding below the downtrend wave will sustain toward 23.00 zone

above 38.10 market may head for farther advance where will face resistance at 43.00-50 zone

  Support Resistence
Level 1 36.20 36.70
Level 2 35.00 37.70-38.10
Level 3 32.30 40.00
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