Crude Oil Weekly Forecast Apr 14 2014


The Crude Oil continued its bullish momentum last week , printed support at the 99.90 levels . This development leaves the pair targeting the 105.20 levels where a breach is likely , If seen , It will target the 106.30 levels , further upside will aim the 108.75 levels.

On the downside , support comes at the 101.93 levels ahead of 99.90 (main) ., stability above support levels will keep the bullish momentum intact , However ; sustained trading – weekly closing – below the 99.90 levels will turn outlook neutral for retesting  97.36/96.25 levels before the next rise.

In all , as long as support 99.90 holds on a weekly basis , the Crude Oil will remain based to the upside towards the 105.20/106.30 levels , losing the 99.90 levels will reverse risks towards the 97.36/96.25 levels.


Crude Oil Weekly Forecast Apr 14 2014