Oil Market Commentary 3-11-2016


It was a sleepy Friday where we touched $39 a barrel briefly before profit taking into the European close. We have near term support for WTI at $37.22 for the April contract, with the next level of stronger support at the $36.12 area on the charts. If we break $36 a barrel this will signal weakness as we will be breaking back down from where we recently broke out of from a trading range.
 

Reviews

  • Total Score 0%
User rating: 0.00% ( 0
votes )



Leave a Reply

Your email address will not be published. Required fields are marked *