Crude Oil Weekly Forecast Mar 24 2014

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Outlook in Crude Oil remains neutral with risk to the upside as long as support 96.25 holds on a weekly closing basis ,  note that stability above the 96.25 levels could mean a return to the 100.15 levels , a clear break above this level will pave the way towards the 102.76 levels , further upside will aim the 105.20 levels.

On the downside , sustained trading below the 96.25 levels will confirm topping at the 105.20 levels and open 93.45 levels ahead of the 91.41 levels before  the next rise.

In all , as long as support 96.25 holds on a weekly basis , the Crude Oil will remain based to the upside towards the 100.15/102.75 levels and possible higher towards the 105.20 levels , losing the 96.25 levels will reverse risks towards the 91.40/93.45 levels.

 

 

Crude Oil Weekly Forecast Mar 24 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS