Crude Oil Daily Forecast Mar 25 2015

oil22 min
oil22 min

Outlook in ْCrude Oil remains neutral with risk to the downside 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, the 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 25 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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