Crude Oil Weekly Forecast Sept 15 2014

Oil

Outlook in Crude Oil remains on the downside as long as resistance 92.65  holds on a weekly closing basis  , support comes at the 91.23/90.10 levels , a halt is likely , but a cut will open 87.67 levels , further downside will aim the 85.60  levels…

On the upside , resistance comes at the 92.65  levels , sustained trading above the 92.65 levels will turn outlook neutral towards the 93.64/95.96 levels before the next fall…

In all , as long as resistance 92.65  holds on a weekly closing basis , outlook in Crude Oil remains on the downside towards the  91.23/90.10 levels , and possible lower towards the 87.67  levels , a clear break above the 92.65  levels will turn outlook neutral for retesting the 93.64/95.96  levels before the next possible fall…

 

Crude Oil Weekly Forecast Sept 15 2014

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