Oil (F) 2016-04-06

Posted on

Oil 6K –

36.90

as we see over the chart , market managed to hit below 36.15 before obtain rebound correction where resistance level at 37.20

as long as market holding below 37.20 will expect downtrend to sustain toward 34.25

while above 37.20 market may head for farther rebound correction toward 37.80-90 before downtrend wave back to head to 34.25

above 38.00 market may initiate new uptrend formation toward 40.00 and 41.00 zone

  Support Resistence
Level 1 36.15 37.20
Level 2 35.25 37.90
Level 3 34.25 40.00
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