Crude Oil Daily Forecast Jan 13 2015

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Outlook in Crude Oil remains on the downside as long as 45.80 resistance holds on a 4 hour closing basis , support comes at the 44.15 levels where a cut will open 43.60 levels , a halt is likely but further losses will pave the way towards the 43.00/42.00 levels.

On the upside , resistance comes at the 45.80 levels , break of the 45.80 levels on a 4 hour closing basis will turn outlook neutral and open the 47.15 levels before the next fall , above the 47.15 levels look for the 49.00 levels.

In all , as long as 45.80 resistance holds on a 4 hour closing basis , outlook in Crude Oil remains on the downside towards the 44.15/43.60 levels ahead of the 43.00/42.00 levels , above the 45.80 levels look for the 47.15 levels before the next fall…

 

Crude Oil Daily Forecast Jan 13 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS