Oil (F) 2016-03-10

Posted on

Oil 6J – New Contract

38.15

Market managed to hold advance after testing 36.10-30 support zone , while Oil still trying to break above resistance zone 38.40-90

as long as market holding above 36.10 will expect continues try to break above 38.40 which may open the way toward 42.00 and 45.00

if market back below 36.10 this will be the first sign of drop correction while a daily close below 35.50 is needed to open more drop path

  Support Resistence
Level 1 37.35 38.40
Level 2 36.10 39.00
Level 3 35.25 42.00
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