Oil (F) 2016-04-19

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Oil 6M – New Contract

41.75

Market managed to back above 41.00 which managed to push market toward 41.95 where we expect a target for 42.00 zone

market still facing resistance at 42.40, where as long as market holding below this zone will expect another drop toward 40.85 levels while below this support expect 39.15-50 zone

above 42.40 market may add more advance toward 43.50 and 45.00

  Support Resistence
Level 1 40.85 42.40
Level 2 39.15 43.50
Level 3 36.75 45.00

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