Oil (F) 2016-04-12

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Oil 6K –

40.70

Market managed to hold advance toward first target 40.00 as we advised last week, while managed today to sustain advance to close to our second target 41.00-25 as we advised yesterday

market now facing support zone at 39.90 and 39.15

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 and 41.70-80

below 39.15 market will threaten to go back toward 36.55 zone

  Support Resistence
Level 1 39.90 41.00-25
Level 2 39.15 41.70-80
Level 3 38.25 42.70

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