Crude Oil Daily Forecast Jan 14 2015

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Outlook in Crude Oil has turned neutral at the moment , support comes at the 44.15 levels , stability above this level on a 4 hour closing basis could push the pair towards the 47.16 levels where fall resumption is likely , however ; If this resistance is taken out , further upside will be in sight towards the 48.95/49.95 levels before the next possible fall.

On the downside , a short term support has been printed at the 44.15 levels , a clear break below this level is needed to resume the downward trend , If seen , focus will be on the 43.60/43.00 levels ahead of the 42.00 levels.

In all , as long as 44.15 support holds on a 4 hour closing basis , outlook in Crude Oil remain neutral and further upside  could n’t be ruled out  towards the 47.16 levels before the next fall , a clear break below the 44.15 levels is needed to resume the downward trend and open 43.60/43.00 levels..

 

Crude Oil Daily Forecast Jan 14 2015

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