Crude Oil Daily Forecast Sept 12 2014

Oil

Outlook in Crude Oil remains – cautiously –  on the downside as long as resistance 94.00/95.96 holds on a daily closing basis , support comes at the 91.21 levels where a cut will open 89.19 levels , a halt is likely , but further losses will open the 86.62 levels ahead of the 83.79 levels.

On the upside , resistance comes at the 94.00/95.96 levels , break of the 95.96 levels will bring strong recovery towards the 97.00/98.63 levels before the next move…….

In all ,as long as resistance  94.00/95.96 holds on a daily closing basis , outlook in Crude Oil remains on the downside towards the 91.21 levels ahead of the 89.19 levels , above the 95.96 will turn outlook towards the 97.00/98.63 levels before the next move…….

 

Crude Oil Daily Forecast Sept 12 2014

MARKET DATA

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