Crude Oil Weekly Forecast Jan 12 2015

oil-65984-min-compressor

Outlook in Crude Oil remains on the downside as long as 52.00 resistance holds on a weekly closing basis ,support comes at the 46.81 levels . a halt is likely but a cut would open 43.59 next ,further down will target the 40.00 levels.

On the upside , resistance comes at the 52.00 levels , break of the 52.00 levels on a weekly closing basis will signal short term bottoming and open the 60.00 levels before the next fall…

In all , as long as 52.00 resistance holds on a weekly closing basis , outlook in Crude Oil remains on the downside towards the 46.81 levels where a cut will open the 43.59/40.00 levels , break of the 52.00 levels will turn outlook neutral towards the 59.00/60.00 levels before the next possible fall…

 

Crude Oil Weekly Forecast Jan 12 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS