Crude Oil Weekly Forecast Jul 28 2014

Oil

Outlook in Crude Oil remains neutral with possible risk to the downside , resistance comes at the 102.95 levels ahead of the  104.15 levels (main) , to resume the upside offensive , sustained trading – weekly closing – above the key resistance 104.15 is needed , If seen , the pair will recapture the 107.64 levels , further upside will aim the 110.00 levels……..

On the downside ,support comes at the  100.97 levels ahead of the 100.15 levels (main) , sustained trading or weekly closing below this level will open 96.25 levels…….

In all , the Crude Oil is likely to consolidate within 100.00 /104.15 range before the next move…..

 

Crude Oil Weekly Forecast Jul 28 2014

 

 

MARKET DATA

UPCOMING ECONOMIC EVENTS