Brent Oil Daily Forecast Nov 26 2014

Brent
Brent

Outlook in Brent Oil is neutral with risk to the downside at the moment , resistance comes at the 81.59 levels , stability below this level on a daily closing basis could mean a return to the 76.74 levels , a halt is likely but a cut will open 73.70 next , further downside will pave the way towards the 70.00 levels.

On the upside , resistance comes at the 81.59 levels , a break  will bring recovery towards the 84.00 levels, where fall resumption is likely , however , a clear break above the 84.00 levels will bring strong recovery towards the 91.22 levels .

In all , as long as resistance 81.59 holds on a daily closing basis , out look in Brent Oil remains on the downside towards the 76.75 levels ahead of the 73.70 levels , above 81.59 will bring rebound towards the 84.00 levels before the next fall…

 

Brent Oil Daily Forecast Nov 26 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS