Crude Oil Daily Forecast Mar 20 2015

oil22 min
oil22 min

Outlook in ْCrude Oil has turned neutral at the moment , resistance comes at the 47.47 levels , a failure to hold above the 47.47 levels on a daily closing basis could mean a return to the 44.00  levels , a halt is likely , but a cut will restore the downside momentum and open the 41.30 levels , further down will pave the way towards the 37.85 levels..

On the upside , resistance comes at the 47.47 levels , sustained breakout – daily closing – above the 47.47 levels will open the 49.97  levels before the next fall…however ; a clear break above the 49.97 levels will extend recovery towards the 54.00/56.00 levels

In all , As long as 47.47  holds on a daily closing basis , outlook in Crude Oil  remains on the downside towards the 44.00 levels ahead of the 41.30 levels , above the 47.47 levels will reverse risk towards the 50.00 levels before the next fall…

 

Crude Oil Daily Forecast Mar 20 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS