Crude Oil Daily Forecast ِApr 02 2015

oil22 min
oil22 min

Outlook in Crude Oil remains neutral at the moment, support comes at the 47.47 levels. Stability above this level could mean a return to the 51.00/52.00 levels. A halt is likely but a break would open 56.05 levels.

On the downside, support comes at the 47.47 levels. A clear break below this level will restore the downside momentum and open the 44.00 levels, further down will target the 40.00 levels.

In all, the Crude Oil is likely to consolidate within 47.47/52.50 range before the next move, above the 52.50 will open 56.00 levels while below the 47.47 will restore the downside momentum and open the 44.00 levels ahead of the 40.00 levels…

Intraday support comes at the 48.85 levels, stability above this level could push the pair towards the 51.00/52.00 levels, while a clear break below the 48.85 levels will open the 47.47 levels…

blank

 

MARKET DATA

UPCOMING ECONOMIC EVENTS