Crude Oil Daily Forecast Sept 04 2014

Oil

Outlook in Crude Oil remains on the downside as long as resistance 95.84/97.37 holds on a daily closing basis , support comes at the 92.50 levels where a cut will open 91.23 levels , a halt is likely , but further losses will open the 90.00 levels ahead of the 89.20 levels.

On the upside , resistance comes at the 95.84 levels , break of the 95.84 levels will turn outlook neutral towards the 97.37 levels before the next fall, above the 97.37 will bring strong recovery towards the 99.40/101.61 levels..

In all ,as long as resistance 95.84 ¬†holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 92.20 levels ahead of the 91.23 levels , above the 95.84 will turn outlook neutral towards the 97.37 levels before the next fall…

 

Crude Oil Daily Forecast Sept 04 2014

 

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