Crude Oil Daily Forecast Apr 07 2015

oil22 min
oil22 min

Outlook in Crude Oil remains on the upside as long as 50.30 support holds on a daily closing basis , resistance comes at the 53.08 / 55.52 levels , a halt is likely but break would open 58.60 next , further upside will target the 62.00 levels..

On the downside , support comes at the 50.30 levels , losing this level will open 47.53 levels , a halt is likely , however ; a clear break below the 47.53 levels will restore the downside momentum and open 44.00 levels ..

In all , as long as 50.30 support holds on a daily closing basis , outlook in Crude Oil remains on the upside towards the 53.05/55.50 levels and possible higher towards the 58.60 levels , below 50.30 will open 47.53 before the next possible rise….

 

Crude Oil Daily Forecast Apr 07 2015

 

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