Crude Oil Daily Forecast Jan 29 2015

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Outlook in Crude Oil remains on the downside as long as 46.00 resistance holds on a 4 hour closing basis , support comes at the 43.59 levels , a halt is likely but a cut would open 42.00 next , further down will target the 40.00 levels.

On the upside , resistance comes at the 46.00 levels , sustained breakout above the 46.00 levels will turn outlook neutral and bring rebound towards the 49.35 levels before the next fall..

In all , as long as 46.00 resistance holds on a 4 hour closing basis , outlook in Crude Oil remains on the downside towards the 43.60 levels where a cut will open 42.00/40.00 levels , a clear break above the 46.00 levels will turn outlook neutral and bring consolidation below the 49.35 levels before the next fall.

 

Crude Oil Daily Forecast Jan29 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS