Crude Oil Weekly Forecast Jun 30 2014

Forex- oil- 656565989

Outlook in Crude oil  has turned neutral this week , support comes at the 105.00  levels , sustained trading – weekly closing – below this level will reverse risks towards the 102.59  levels before the next possible rise , If this level fails , expect to see the pair around the 101.66  levels…

On the upside , resistance comes at the 107.43  levels , sustained trading – weekly closing – above this level should resume the upside offensive , If seen , the pair will target the 110.44  levels , further upside will aim the 114.00  levels…

In all , the Crude Oil  is likely to consolidate within 105.00/107.43  range before the next move , below 105.00  will open 102.59/101.66  levels , above 107.43  will pave the way towards the 110.44 levels ahead of the 114.00  levels……

 

Crude Oil Weekly Forecast Jun 30 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS