Crude Oil Daily Forecast Oct 13 2013

Oil

Outlook in Crude Oil remains on the downside as long as resistance 86.80 / 88.45 holds on a daily closing basis , support comes at the 84.00 levels , losing this level will continue losses towards the 83.00/82.00 levels , further downside will pave the way towards the 80.00 levels.

On the upside , resistance comes at the 86.80 levels ahead of the 88.45 levels (main) , break of 88.45 on a daily closing basis will bring recovery towards the 90.53/91.51 levels before the next possible fall, If 91.51 is taken , strong recovery is likely towards the 94.85 levels.

In all , as long as resistance 88.45 holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 84.00 levels ahead of the 83.00/82.00 levels , above 88.45 will bring rebound towards theĀ 90.53/91.51 levels before the next possible fall.

 

Crude Oil Daily Forecast Oct 13 2013

MARKET DATA

UPCOMING ECONOMIC EVENTS