Crude Oil Daily Forecast Mar 13 2015

oil22 min
oil22 min

Outlook in Crude Oil remains on the downside as long as 48.75 resistance holds on a a daily closing basis , support comes at the 45.35 levels , a halt is likely but a cut would open 43.43 next , further down will target the 41.30 levels.

On the upside , resistance comes at the 48.75 levels , sustained breakout above the 48.75 levels will turn outlook neutral and bring rebound towards the 52.36 levels before the next fall..

In all , as long as 48.75 resistance holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 45.35 levels where a cut will open 43.43 levels , a clear break above the 48.75 levels will turn outlook neutral and bring consolidation below the 52.36/55.00 levels before the next fall.

Crude Oil Daily Forecast Mar 13 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS