Crude Oil Weekly Forecast 27 – 31 Jan

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Crude Oil Weekly Forecast 27 – 31 Jan  (Rebound )

Recommendations: LONG positions above 95.44  with 97.77 & 98.95 as next targets.

Alternative scenario: The downside breakout of 95.44 will call for a slide to 93.89/92.86.

Description: Outlook in Crude Oil is cautiously on the upside this week with risk towards 97.77 ahead of 98.95 levels as long as support 95.44 holds on a daily closing basis, break of 98.95 would open 100.73 levels next.On the downside. losing the key support 99.77 would bring a slide to 93.89 levels where a breach will turn the focus on the 92.86 levels.

Support & Resistance :  91.23 , 92.41,93.89 , 95.44 (Pivot) , 97.77 , 98.95 , 100.73

 

Crude Oil Weekly Forecast 27 - 31 Jan

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