tradeoildaily

DAILY ANALYSIS -FURTHER DOWNSIDE

Short
tradeoildaily Updated   
TVC:USOIL   CFDs on WTI Crude Oil
6
On Thursday US oil fell more than 4% as supply glut have offset the production cut agreement.

According to our daily analysis , if US Oil break the levels 46.65 - 47  it's very likely that will be reaching the 42.97 - 42.90 zone. If the US OIL drop below 43.70 - 43.50, then will try to find next support at 42.97 - 42.20.
Comment:
Hasn't broken the resistance. Looks that will fall more
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