Crude Oil Daily Forecast Oct 28 2014

Oil

Outlook in Crude Oil remains on the downside as long as resistance 82.33 holds on a daily closing basis , support comes at the 79.77 levels , a cut will open 78.45 levels , further losses will pave the way towards the 77.17 levels.

On the upside , resistance comes at the 82.33 levels , a break will turn outlook neutral for retesting the 84.78 levels before the next fall, to reverse risk to the upside 84.78 should be taken on a daily closing basis , otherwise , risk will remain on the downside even in case of recovery .

In all , as long as resistance 82.33 holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 79.77 levels ahead of the 78.45 levels.above the 82.33 will turn outlook neutral towards the 84.78 levels before the next fall.

 

Crude Oil Daily Forecast Oct 28 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS