Oil (F) 2016-03-29

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Oil 6K –

38.70

As we see over our previous chart, market managed to head to test resistance zone 40.00-40 while market managed to retreat from that zone as we advised yesterday

as long as market holding below 40.40 we will expect another drop movement toward 37.70 zone

above 40.40 market may activate another advance 41.80 and 42.40 zone

market may head for trading zone between 37.70 – 40.00 for the coming short-run, while below 37.70 market will face 37.20 and 36.15 as support levels

  Support Resistence
Level 1 37.70 39.40
Level 2 37.20 40.00-40
Level 3 36.15 42.40

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