Oil (F) 2016-04-22

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Oil 6M – New Contract


Oil broke above (42.40-43.50) resistance zone which placed Oil on uptrend rally as US Oil output drop.

market now facing first support at (42.40-90) where as long as market holding above the uptrend rally will sustain toward (45.20) and (48.35)

below (42.40) market may add more drop correction before resume the uptrend wave as we see over the chart

  Support Resistence
Level 1 42.40-90 45.20
Level 2 39.40 48.35
Level 3 35.35 50.80


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