Crude Oil Weekly Forecast Mar 23 2015

oil22 min
oil22 min

Outlook in Crude Oil remains on the downside as long as 47.47  resistance holds on a a weekly closing basis , support comes at the 44.00 levels ahead of the 40.00 levels  , a halt is likely but a cut would open 36.50 next , further down will target the 32.00 levels.

On the upside , resistance comes at the 47.47 levels , sustained breakout above the 47.47 levels will turn outlook neutral and bring rebound towards the 56.00 levels before the next fall..

In all , as long as 47.47 resistance holds on a weekly closing basis , outlook in Crude Oil remains on the downside towards the 44.00 levels ahead of the 40.00 levels , a clear break above the 47.47  levels will turn outlook neutral and bring consolidation below the 56.05 levels before the next fall.

 

Crude Oil Weekly Forecast Mar 23 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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