Crude Oil Daily Forecast Mar 17 2015

oil22 min
oil22 min

Outlook in Crude Oil remains on the downside as long as 44.73 resistance holds on a a daily closing basis , support comes at the 43.43 levels , a halt is likely but a cut would open 41.30 next , further down will target the 40.00 levels.

On the upside , resistance comes at the 44.73 levels , sustained breakout above the 44.73 levels will turn outlook neutral and bring rebound towards the 46.85 levels before the next fall..

In all , as long as 44.73 resistance holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 43.43 levels where a cut will open 41.30 levels , a clear break above the 44.73 levels will extend rebound towards the 46.85 levels before the next fall..

 

Crude Oil Daily Forecast Mar 17 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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