Crude Oil Daily Forecast Mar 27 2014

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The Crude Oil maintained a bullish momentum yesterday , printed support at the 99.07 levels and topped at the 100.42 levels . this development leaves the pair targeting the 101.25 levels where a breach will turn focus on the 102.35 levels , further upside will aim the 103.50 levels.

On the downside , support comes at the 99.07 levels ,  losing this level on a daily basis should weaken the current bullish for retesting 98.22/97.36 levels before the next rise..

In all , as long as support 99.07 holds on a daily closing basis , the Crude Oil will remain based to the upside towards the 101.25 levels ahead of the 102.35 levels. Losing the 99.07 levels will reverse risks towards the 98.22/97.36 levels.  Note that 100.42 levels is likely to serve as support now….Losing the 100.42 would open main support 99.07……..

 

Crude Oil Daily Forecast Mar 27 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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