Crude Oil Monthly Forecast Apr 2015

oil22 min
oil22 min

Outlook in Crude Oil remains on the downside as long as 52.70/65.90 holds on a monthly closing basis , support comes at the 43.60 levels , a halt is likely but a cut would open 36.23 next , further down will target the 32.20 levels..

On the upside , resistance comes at the 52.70 levels , break of the 52.70 levels will bring limited gains below the 65.90 levels before the next fall…However ; a clear break above the 65.90 levels will suggest bottoming and pave the way towards the 79.08/89.65 levels…..

In all , as long as 52.70 resistance holds on a monthly closing basis , long term forecast in Crude Oil remains on the downside towards the 43.60 levels ahead of the 36.23 /32.20 levels , above 52.70 sees limited gains below the 65.90 levels ..

 

Crude Oil Monthly Forecast Apr 2015

 

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