Oil (F) 2016-04-25

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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 toward 39.40-90 zone 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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