Oil (F) 2016-03-17

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Oil 6K – New Contract

40.60

Market managed to jump above 40.00 zone on US Dollar dump scenario while market still looking toward farther advance where 45.00 will be a target zone

main support for market will be at 35.75 – 36.00 zone where as long as the daily close above this zone the uptrend will sustain toward 45.00 with ability to advance above toward 48.00-60 zone

  Support Resistence
Level 1 40.30 42.60
Level 2 39.00 43.45
Level 3 37.70 45.10

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