Crude Oil Daily Forecast Jan 09 2015

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Outlook in Crude Oil has turned neutral with risk to the downside , support comes at the 47.00 levels while resistance comes at the 50.00 levels ..

On the downside , losing the 47.00 levels will resume the downward trend and open 46.00 next , further down will target the 45.00 levels .

On the upside , resistance comes at the 5000 levels , a clear break would open 51.40 next , further upside will aim the 52.50 levels.

In all , the Crude Oil is likely to consolidate within 47.00 / 50.00 range before the next move , above the 50.00 levels will open 51.40/52.50 levels while below 47.00 will open 46.00/45.00 levels..

 

Crude Oil Daily Forecast Jan 09 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS