Crude Oil Daily Forecast Nov 26 2014

Oil

Outlook in Crude Oil remains on the downside as long as resistance 77.11 holds on a daily closing basis , support comes at the 73.68 levels where a cut will open 72.00 levels , a halt is suggested , but further losses will open the 70.00 levels , further losses will aim the 67.50 levels.

On the upside , resistance comes at the 77.11 levels ahead of the 79.81 levels (main) , a clear break above the 79.81 levels will turn outlook bullish and pave the way towards the 88.15 levels.

In all , as long as resistance 77.11 holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 72.00/70.00 levels , above the 77.11 will bring a corrective pullback towards the 79.81 levels before the next fall….

 

Crude Oil Daily Forecast Nov 26 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS