Oil (F) 2016-03-31
Oil 6K –
37.95
As we see over the chart, so far Oil still moving along with our expectation where we still see market holding trades inside our trading zone 37.70 – 40.00 , while managed yesterday to obtain up and down movement as we expected
market may head again toward 39.50-80 zone where from there will expect another drop toward 38.00 to obtain what we advised before (Trading Zone)
below 37.70 market may sustain drop toward 37.20 and 36.15 , while above 40.40 market may go to visit 41.80 again
Support | Resistence | |
Level 1 | 37.70 | 39.50-80 |
Level 2 | 37.20 | 40.40 |
Level 3 | 36.15 | 41.80 |