Oil (F) 2016-04-11

Posted on

Oil 6K –

39.55

Market managed to hold advance toward first target 40.00 as we advised last week

market now facing support zone at 39.15 and 38.25

as we see over the chart, as long as market holding above one of those supports the uptrend will sustain toward 41.00-25 zone

below 38.20 market will threaten to go back toward 36.55 zone

  Support Resistence
Level 1 39.15 39.85
Level 2 38.25 40.35
Level 3 37.20 41.00-25
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