Crude Oil Daily Forecast Sept 17 2014

Oil

Outlook in Crude Oil has turned to the upside at the moment , support comes at the 93.00 levels ahead of the 92.42 levels (main) , stability above support levels will keep the bullish momentum intact ,resistance comes at the 95.16 levels , a break would open 96.45 next , a halt is likely , but a beak will turn focus on the 98.00 levels , further upside will aim the 100.00 levels..

On the downside , support comes at the 93.00 levels ahead of the 92.42 levels (main) , losing this level on a daily closing basis , will turn outlook neutral towards the 90.40 levels before the next move…

In all , as long as support 93.00/92.42 holds on a daily closing basis , outlook in Crude Oil remains on the upside towards the 96.45/98.00 levels , below 92.42 will turn outlook neutral towards the 90.40 levels before the next move…

 

 

Crude Oil Daily Forecast Sept 17 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS