Oil (F) 2016-04-14

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Oil 6K –

41.70

market managed to head for first drop as market holding below 42.50 as we advised yesterday

market still have chance to sustain advance to test 43.20-50 zone which if happens will expect another drop correction from that zone toward 41.25 again

below 40.60 market may add more retreat toward 39.50 zone

  Support Resistence
Level 1 40.60 42.50
Level 2 39.50 43.50
Level 3 38.30 45.00

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