Crude Oil Daily Forecast Mar 27 2015

oil22 min
oil22 min

Outlook in Crude Oil has turned tot he upside , as long as 49.47 support holds on a daily closing basis , resistance comes at the 51.00/52.00 levels , a halt is likely but a break would open 53.00 next , further upside will target the 54.00 levels …

On the downside , support comes at the 49.47 levels , a clear break below this level will bring a corrective pullback above the 47.47 levels before the next possible rise , however losing the 47.47 levels is needed to restore the downside momentum……..

In all , as long as 49.47 support holds on a daily closing basis , outlook in Crude Oil remains on the upside towards the 51.00/52.00 levels , below the 49.47 levels will bring a corrective pullback towards the 47.47 levels before the next rise..

 

Crude Oil Daily Forecast Mar 27 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS