Crude Oil Weekly Forecast Mar 10 2014

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Outlook in Crude Oil is neutral this week with risk to the upside as long as support 100.15 holds , resistance comes at the 105.20 levels , to resume the upside offensive , break of the 105.20 is needed , If seen , It will target the 107.50 levels ahead of 109.00 levels.

On the downside , support comes at the 100.15 levels , sustained trading below this level will suggest short term topping and turn outlook on the 96.25 levels before the next possible rise , losing the 96.25 levels will open 91.00 levels.

In all , as long as support 100.15 holds on a weekly basis , the Crude Oil will remain based to the upside towards the 105.20 levels , losing the 100.15 levels will open the 96.25 levels…..

 

Crude Oil Weekly Forecast Mar 10 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS