Oil (F) 2016-04-15

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Oil 6K –

40.60

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

market now closing to test 40.00-15 support level , where as long as market holding above this support the chance to sustain advance will remain

below 40.00 market will add more drop pressure while a daily close below 39.40 will set a drop correction toward 37.40 zone

  Support Resistence
Level 1 40.00-15 42.50
Level 2 39.40 43.50
Level 3 37.40 45.00

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