Crude Oil Weekly Forecast Sept 08 2014

Oil

Outlook in Crude Oil has turned to the downside as long as resistance 93.64/95.96 holds on a weekly closing basis  , support comes at the 91.75/91.23 levels , a halt is likely , but a cut will open 90.10 levels , further downside will aim the 87.67 levels…

On the upside , resistance at the 93.64 levels ahead of the 95.96 levels(main) , sustained trading above the 95.96 levels will bring strong recovery towards the 98.98/10206 levels before the next fall..

In all , as long as resistance 93.64/95.96 holds on a weekly closing basis , outlook in Crude Oik remains on the downside towards the  91.75/91.23 levels , and possible lower towards the 90.10 levels , a clear break above the 95.96 levels will turn outlook neutral for retesting the 98.98/102.06 levels before the next possible fall…

 

Crude Oil Weekly Forecast Sept 08 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS