Oil (F) 2016-03-08

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Oil 6J – New Contract

37.70

market managed to hit 38.09 yesterday which brought market above the downtrend channel which may be the first sign for farther advance

market still holding trades below resistance 38.40 while support laying at 36.00

as long as market holding above 36.00 will expect market to hold strength where ability to break above 38.40 to open new path toward 42.00 and 45.00

while if market failed to break above 38.40 this may lead for another drop wave toward 34.60-80

  Support Resistence
Level 1 36.60 38.40
Level 2 36.00 42.00
Level 3 34.60-80 45.00

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss