Oil (F) 2016-04-01

Posted on

Oil 6K –

37.45

As we advised before for the short-run, market managed to break below 37.70 zone which may activate another drop pressure which may lead for farther drop toward 37.20 and 36.15 zone

market facing resistance levels at 38.30 and 39.00 zone where as long as market holding trades below those resistance levels expect farther drop toward our targets

  Support Resistence
Level 1 37.70 39.50-80
Level 2 37.20 40.40
Level 3 36.15 41.80
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