Crude Oil Weekly Forecast Jun 09 2014

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Outlook in Crude Oil remains  neutral this week ,on the upside , resistance comes at the 104.46 levels ahead of 105.15 (main), sustained trading – weekly closing – above this level will open 107.50  next , further upside will aim the 110.43 levels…

On the downside , support comes at the 102.37  levels , sustained trading – weekly closing – below this level is needed to open 100.43 levels , further downside will open 97.54  levels before the next possible rise…..

In all , the Crude Oil is likely to consolidate within 102.37/105.15  range before the next move , above 105.15  will aim the 107.50/110.43  levels , while below 102.37 will look for the 100.43/97.54  levels…

 

Crude Oil Weekly Forecast Jun 09 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS