Oil (F) 2016-04-08

0 2

Oil 6K –

38.90

as we see over the chart , Oil managed to break above downtrend line where now heading to test 39.00 zone

as long as market holding daily close below 39.00 the drop pressure may return for another drop movement

while a daily close above 39.00 may set more advance toward 40.00 and 41.00 levels

intraday support level at 38.25 where as long as market holding above this zone the market will keep trying to break above 39.00

  Support Resistence
Level 1 38.25 39.00
Level 2 36.55 40.00
Level 3 35.25 41.00

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