Tag Archives: CRUDEOIL trend

Crude Oil Outlook for the Week (June 25, 2018 – June 29, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (June 25, 2018 – June 29, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 5.40%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 4480 to 4500. Resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down. During the week the commodity manages to hit a high of 4680 and close the week around the levels of 4675.

Minor support for the commodity lies in the zone of 4575 to 4600. Support for the commodity lies in the zone of 4400 to 4450 where medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4250 to 4300 from where the commodity broke out of January-2018 and March-2018 highs.

Resistance for the commodity lies in the zone of 4700 to 4750 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 4850 to 4900.

Broad range for the commodity in the coming week can be seen between 4500 – 4550 on downside & 4800 – 4850 on upside.

Crude Oil Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (June 18, 2018 – June 22, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 0.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down. During the week the commodity manages to hit a high of 4575 and close the week around the levels of 4432.

Minor support for the commodity lies in the zone of 4370 to 4400. Support for the commodity lies in the zone of 4250 to 4300 where break out levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4000 to 4050 where Fibonacci levels and long term moving averages are lying.

Minor resistance for the commodity lies in the zone of 4480 to 4500. Resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 4250 – 4300 on downside & 4550 – 4600 on upside.

Crude Oil Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (June 11, 2018 – June 15, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that support for the commodity lies in the zone of 4250 to 4300 where break out levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4000 to 4050 where Fibonacci levels and long term moving averages are lying. During the week the commodity manages to hit a low of 4305 and close the week around the levels of 4448.

Support for the commodity lies in the zone of 4250 to 4300 where break out levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4000 to 4050 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 4250 – 4300 on downside & 4550 – 4600 on upside.

Crude Oil Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (June 04, 2018 – June 08, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 3.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 4550 to 4600 where break out levels and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4250 to 4300 where break out levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 4417 and close the week around the levels of 4428.

Support for the commodity lies in the zone of 4250 to 4300 where break out levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4000 to 4050 where Fibonacci levels and long term moving averages are lying.

Resistance for the commodity lies in the zone of 4550 to 4600 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4650 to 4700 from where the commodity has broken down.

Broad range for the commodity in the coming week can be seen between 4250 – 4300 on downside & 4550 – 4600 on upside.

Crude Oil Outlook for the Week (May 28, 2018 – June 01, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (May 28, 2018 – June 01, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 5.30%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 4750 to 4780. Support for the commodity lies in the zone of 4580 to 4620 where break out levels and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4350 to 4400 where break out levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 4581 and close the week around the levels of 4597.

Support for the commodity lies in the zone of 4550 to 4600 where break out levels and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4250 to 4300 where break out levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 4850 to 4900 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000.

Broad range for the commodity in the coming week can be seen between 4450 – 4500 on downside & 4800 – 4850 on upside.

Crude Oil Outlook for the Week (May 21, 2018 – May 25, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (May 21, 2018 – May 25, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 1.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4850 to 4900 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000. During the week the commodity manages to hit a high of 4899 and close the week around the levels of 4859.

Minor support for the commodity lies in the zone of 4750 to 4780. Support for the commodity lies in the zone of 4580 to 4620 where break out levels and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4350 to 4400 where break out levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 4850 to 4900 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000.

Broad range for the commodity in the coming week can be seen between 4600 – 4650 on downside & 4950 – 5000 on upside.

Crude Oil Outlook for the Week (May 14, 2018 – May 18, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (May 14, 2018 – May 18, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 2.70%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 4580 to 4620. Support for the commodity lies in the zone of 4350 to 4400 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4250 to 4300 from where the commodity broke out of January-2018 and March-2018 highs. During the week the commodity manages to hit a low of 4560 and close the week around the levels of 4793.

Minor support for the commodity lies in the zone of 4700 to 4720. Support for the commodity lies in the zone of 4580 to 4620 where break out levels and Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4350 to 4400 where break out levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 4850 to 4900 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000.

Broad range for the commodity in the coming week can be seen between 4550 – 4600 on downside & 4950 – 5000 on upside.

Crude Oil Outlook for the Week (May 07, 2018 – May 11, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (May 07, 2018 – May 11, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 2.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4500 to 4550 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4600 to 4650. During the week the commodity manages to hit a high of 4678 and close the week around the levels of 4668.

Minor support for the commodity lies in the zone of 4580 to 4620. Support for the commodity lies in the zone of 4350 to 4400 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 4250 to 4300 from where the commodity broke out of January-2018 and March-2018 highs.

Resistance for the commodity lies in the zone of 4650 to 4700 from where the commodity has broken down. If the commodity manages to close above these levels then the commodity can move to the levels of 4950 to 5000.

Broad range for the commodity in the coming week can be seen between 4400 – 4450 on downside & 4850 – 4900 on upside.

Crude Oil Outlook for the Week (Apr 30, 2018 – May 04, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Apr 30, 2018 – May 04, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 0.30%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4500 to 4550 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4600 to 4650. During the week the commodity manages to hit a high of 4617 and close the week around the levels of 4547.

Minor support for the commodity lies in the zone of 4400 to 4450. Support for the commodity lies in the zone of 4250 to 4300 from where the commodity broke out of January-2018 and March-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels 4050 to 4100 where short term moving averages and break out levels are lying.

Resistance for the commodity lies in the zone of 4500 to 4550 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4600 to 4650.

Broad range for the commodity in the coming week can be seen between 4300 – 4350 on downside & 4650 – 4700 on upside.

Crude Oil Outlook for the Week (Apr 23, 2018 – Apr 27, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Apr 23, 2018 – Apr 27, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 2.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4500 to 4550 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4600 to 4650. During the week the commodity manages to hit a high of 4578 and close the week around the levels of 4531.

Minor support for the commodity lies in the zone of 4400 to 4450. Support for the commodity lies in the zone of 4250 to 4300 from where the commodity broke out of January-2018 and March-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels 4050 to 4100 where short term moving averages and break out levels are lying.

Resistance for the commodity lies in the zone of 4500 to 4550 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4600 to 4650.

Broad range for the commodity in the coming week can be seen between 4300 – 4350 on downside & 4650 – 4700 on upside.

Crude Oil Outlook for the Week (Apr 16, 2018 – Apr 20, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Apr 16, 2018 – Apr 20, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 9.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4100 to 4150 where the commodity has opened gap down. If the commodity manages to close above these levels then the commodity can move to the levels of 4200 to 4250 where the commodity has formed a high in the month of March-2018. During the week the commodity manages to hit a high of 4419 and close the week around the levels of 4401.

Support for the commodity lies in the zone of 4250 to 4300 from where the commodity broke out of January-2018 and March-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels 4050 to 4100 where short term moving averages and break out levels are lying.

Resistance for the commodity lies in the zone of 4500 to 4550 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4600 to 4650.

Broad range for the commodity in the coming week can be seen between 4200 – 4250 on downside & 4600 – 4650 on upside.

Crude Oil Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Apr 09, 2018 – Apr 13, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 4.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 4170 to 4200 from where the commodity broke out of February-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels 4030 to 4080 from where the commodity broke out and short term moving averages are lying. During the week the commodity manages to hit a low of 4015 and close the week around the levels of 4029.

Support for the commodity lies in the zone of 3950 to 4000 where medium term moving averages and long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 3850 to 3900 where the commodity has formed a bottom in the month of March-2018.

Resistance for the commodity lies in the zone of 4100 to 4150 where the commodity has opened gap down. If the commodity manages to close above these levels then the commodity can move to the levels of 4200 to 4250 where the commodity has formed a high in the month of March-2018.

Broad range for the commodity in the coming week can be seen between 3850 – 3900 on downside & 4200 – 4250 on upside.

Crude Oil Outlook for the Week (Apr 02, 2018 – Apr 06, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Apr 02, 2018 – Apr 06, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 0.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 4300 to 4350. If the commodity manages to close above these levels then the commodity can move to the levels of 4500 to 4550 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 4305 and close the week around the levels of 4234.

Support for the commodity lies in the zone of 4170 to 4200 from where the commodity broke out of February-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels 4030 to 4080 from where the commodity broke out and short term moving averages are lying.

Resistance for the commodity lies in the zone of 4300 to 4350. If the commodity manages to close above these levels then the commodity can move to the levels of 4500 to 4550 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 4000 – 4050 on downside & 4500 – 4550 on upside.

Crude Oil Outlook for the Week (Mar 26, 2018 – Mar 28, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Mar 26, 2018 – Mar 28, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 5.30%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 4040 to 4080. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350. During the week the commodity manages to hit a high of 4274 and close the week around the levels of 4266.

Support for the commodity lies in the zone of 4170 to 4200 from where the commodity broke out of February-2018 highs. If the commodity manages to close below these levels then the commodity can drift to the levels 4030 to 4080 from where the commodity broke out and short term moving averages are lying.

Resistance for the commodity lies in the zone of 4300 to 4350. If the commodity manages to close above these levels then the commodity can move to the levels of 4500 to 4550 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 4000 – 4050 on downside & 4500 – 4550 on upside.

Crude Oil Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Mar 12, 2018 – Mar 16, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 3880 to 3920 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels 3750 to 3800 from where the commodity has broken out of November-2017 highs. During the week the commodity manages to hit a low of 3920 and close the week around the levels of 4017.

Support for the commodity lies in the zone of 3880 to 3920 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels 3750 to 3800 from where the commodity has broken out of November-2017 highs.

Minor resistance for the commodity lies in the zone of 4040 to 4080. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 3800 – 3850 on downside & 4150 – 4200 on upside.

Crude Oil Outlook for the Week (Mar 05, 2018 – Mar 09, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Mar 05, 2018 – Mar 09, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 3.20%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 4040 to 4080. Support for the commodity lies in the zone of 3880 to 3920 from where the commodity broke out and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 3750 to 3800 from where the commodity has broken out of November-2017 highs. During the week the commodity manages to hit a low of 3933 and close the week around the levels of 3996.

Support for the commodity lies in the zone of 3880 to 3920 from where the commodity broke out. If the commodity manages to close below these levels then the commodity can drift to the levels 3750 to 3800 from where the commodity has broken out of November-2017 highs.

Minor resistance for the commodity lies in the zone of 4040 to 4080. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 3800 – 3850 on downside & 4150 – 4200 on upside.

Crude Oil Outlook for the Week (Feb 26, 2018 – Mar 02, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Feb 26, 2018 – Mar 02, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 4.60%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 4000 to 4050. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350. During the week the commodity manages to hit a high of 4141 and close the week around the levels of 4125.

Minor support for the commodity lies in the zone of 4040 to 4080. Support for the commodity lies in the zone of 3880 to 3920 from where the commodity broke out and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels 3750 to 3800 from where the commodity has broken out of November-2017 highs.

Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 3950 – 4000 on downside & 4250 – 4300 on upside.

Crude Oil Outlook for the Week (Feb 19, 2018 – Feb 23, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Feb 19, 2018 – Feb 23, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 3.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 3750 to 3800 from where the commodity has broken out of November-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where the commodity has taken multiple support in the month of November-2017 & December-2017 and Fibonacci levels are lying. During the week the commodity manages to hit a low of 3737 and close the week around the levels of 3942.

Minor support for the commodity lies in the zone of 3870 to 3900. Support for the commodity lies in the zone of 3750 to 3800 from where the commodity has broken out of November-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where the commodity has taken multiple support in the month of November-2017 & December-2017 and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 4000 to 4050. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 3750 – 3800 on downside & 4100 – 4150 on upside.

Crude Oil Outlook for the Week (Feb 12, 2018 – Feb 16, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Feb 12, 2018 – Feb 16, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 9.00%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 4100 to 4120. Support for the commodity lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 3795 and close the week around the levels of 3807.

Support for the commodity lies in the zone of 3750 to 3800 from where the commodity has broken out of November-2017 highs. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where the commodity has taken multiple support in the month of November-2017 & December-2017 and Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 3950 to 4000. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 3600 – 3650 on downside & 4000 – 4050 on upside.

Crude Oil Outlook for the Week (Feb 05, 2018 – Feb 09, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Feb 05, 2018 – Feb 09, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on absolutely flat note.

As we have mentioned last week, that minor support for the commodity lies in the zone of 4100 to 4120. Support for the commodity lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 4063 and close the week around the levels of 4186.

Minor support for the commodity lies in the zone of 4100 to 4120. Support for the commodity lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 4000 – 4050 on downside & 4280 – 4310 on upside.

Crude Oil Outlook for the Week (Jan 29, 2018 – Feb 02, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Jan 29, 2018 – Feb 02, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 4080 to 4120. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350. During the week the commodity manages to hit a high of 4229 and close the week around the levels of 4190.

Minor support for the commodity lies in the zone of 4100 to 4120. Support for the commodity lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 4000 – 4050 on downside & 4280 – 4310 on upside.

Crude Oil Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Jan 22, 2018 – Jan 25, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 0.70%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 3950 to 4000. Support for the commodity lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a low of 4011 and close the week around the levels of 4038.

Minor support for the commodity lies in the zone of 3950 to 4000. Support for the commodity lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 4080 to 4120. Resistance for the commodity lies in the zone of 4150 to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 3900 – 3950 on downside & 4150 – 4200 on upside.

Crude Oil Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for Crude Oil for the week  (Jan 15, 2018 – Jan 19, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 4.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3960 to 4000 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4100 to 4200. During the week the commodity manages to hit a high of 4123 and close the week around the levels of 4065.

Minor support for the commodity lies in the zone of 3950 to 4000. Support for the commodity lies in the zone of 3800 to 3850 where break out levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 4150to 4200 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4300 to 4350.

Broad range for the commodity in the coming week can be seen between 3900 – 3950 on downside & 4200 – 4250 on upside.

Crude Oil Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for Crude Oil for the week  ( Jan 08, 2018 – Jan 12, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 1.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3960 to 4000 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4100 to 4200. During the week the commodity manages to hit a high of 3950 and close the week around the levels of 3887.

Minor support for the commodity lies in the zone of 3820 to 3850. Support for the commodity lies in the zone of 3700 to 3730 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3580 to 3630 where Fibonacci levels and medium term moving averages are lying.

Resistance for the commodity lies in the zone of 3960 to 4000 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4100 to 4200.

Broad range for the commodity in the coming week can be seen between 3700 – 3730 on downside & 3950 – 4000 on upside.

Crude Oil Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for Crude Oil for the week  Jan 01, 2018 – Jan 05, 2018) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 3750 to 3760. Resistance for the commodity lies in the zone of 3800 to 3830 where the commodity has formed a top in the month of November-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 3863 and close the week around the levels of 3850.

Minor support for the commodity lies in the zone of 3780 to 3800. Support for the commodity lies in the zone of 3580 to 3630 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying.

Resistance for the commodity lies in the zone of 3960 to 4000 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4100 to 4200.

Broad range for the commodity in the coming week can be seen between 3700 – 3730 on downside & 3950 – 4000 on upside.

Crude Oil Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Dec 26, 2017 – Dec 29, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that minor resistance for the commodity lies in the zone of 3730 to 3760. Resistance for the commodity lies in the zone of 3800 to 3830 where the commodity has formed a top in the month of November-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 3745 and close the week around the levels of 3737.

Minor support for the commodity lies in the zone of 3680 to 3700. Support for the commodity lies in the zone of 3580 to 3620 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 3750 to 3760. Resistance for the commodity lies in the zone of 3800 to 3830 where the commodity has formed a top in the month of November-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3600 – 3630 on downside & 3850 – 3880 on upside.

Crude Oil Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Dec 18, 2017 – Dec 22, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 0.60%.

As we have mentioned last week, that support for the commodity lies in the zone of 3600 to 3650 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying. During the week the commodity manages to hit a low of 3601 and close the week around the levels of 3669.

Support for the commodity lies in the zone of 3580 to 3610 where Fibonacci levels and short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 3730 to 3760. Resistance for the commodity lies in the zone of 3800 to 3830 where the commodity has formed a top in the month of November-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3500 – 3550 on downside & 3850 – 3900 on upside.

Crude Oil Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Dec 11, 2017 – Dec 15, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 1.90%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 3710 to 3730. Support for the commodity lies in the zone of 3600 to 3650 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying. During the week the commodity manages to hit a low of 3604 and close the week around the levels of 3692.

Support for the commodity lies in the zone of 3600 to 3650 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 3700 to 3750. Resistance for the commodity lies in the zone of 3800 to 3830 where the commodity has formed a top in the month of November-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3500 – 3550 on downside & 3850 – 3900 on upside.

Crude Oil Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Dec 04, 2017 – Dec 08, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 1.20%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 3720 to 3750. Support for the commodity lies in the zone of 3600 to 3650 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying. During the week the commodity manages to hit a low of 3660 and close the week around the levels of 3762.

Minor support for the commodity lies in the zone of 3710 to 3730. Support for the commodity lies in the zone of 3600 to 3650 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying.

Minor resistance for the commodity lies in the zone of 3800 to 3830. Resistance for the commodity lies in the zone of 3940 to 3980 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4200 to 4250.

Broad range for the commodity in the coming week can be seen between 3600 – 3630 on downside & 3900 – 3930 on upside.

Crude Oil Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Nov 27, 2017 – Dec 01, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 3600 to 3630. Support for the commodity lies in the zone of 3500 to 3520 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3440 to 3470 where highs for the month of September-2017 and Fibonacci levels are lying. During the week the commodity manages to hit a low of 3636 and close the week around the levels of 3807.

Minor support for the commodity lies in the zone of 3720 to 3750. Support for the commodity lies in the zone of 3600 to 3650 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3500 to 3520 where break out levels are lying.

Resistance for the commodity lies in the zone of 3940 to 3980 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 4200 to 4250.

Broad range for the commodity in the coming week can be seen between 3700 – 3730 on downside & 3900 – 3930 on upside.

Crude Oil Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Nov 20, 2017 – Nov 24, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on negative note losing around 1.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3700 to 3750 where trend-line resistance is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying. During the week the commodity manages to hit a high of 3742 and close the week around the levels of 3667.

Minor support for the commodity lies in the zone of 3600 to 3630. Support for the commodity lies in the zone of 3500 to 3520 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3440 to 3470 where highs for the month of September-2017 and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3700 to 3750 where trend-line resistance is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3530 – 3560 on downside & 3800 – 3830 on upside.

Crude Oil Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Nov 13, 2017 – Nov 17, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 3.70%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3630 to 3650. If the commodity manages to close above these levels then the commodity can move to the levels of 3700 to 3750 where trend-line resistance is lying. During the week the commodity manages to hit a high of 3765 and close the week around the levels of 3712.

Minor support for the commodity lies in the zone of 3630 to 3660. Support for the commodity lies in the zone of 3500 to 3520 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3440 to 3470 where highs for the month of September-2017 and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3700 to 3750 where trend-line resistance is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3940 to 3980 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3530 – 3560 on downside & 3900 – 3930 on upside.

Crude Oil Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Nov 06, 2017 – Nov 10, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3530 to 3570 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3700 to 3750 where trend-line resistance is lying. During the week the commodity manages to hit a high of 3589 and close the week around the levels of 3579.

Support for the commodity lies in the zone of 3500 to 3520 where break out levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3440 to 3470 where highs for the month of September-2017 and Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3630 to 3650. If the commodity manages to close above these levels then the commodity can move to the levels of 3700 to 3750 where trend-line resistance is lying.

Broad range for the commodity in the coming week can be seen between 3430 – 3460 on downside & 3700 – 3730 on upside.

Crude Oil Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 30, 2017 – Nov 03, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 3330 to 3360 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 3361 and close the week around the levels of 3501.

Support for the commodity lies in the zone of 3440 to 3460 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3330 to 3360 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3530 to 3570 where long term Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3700 to 3750 where trend-line resistance is lying.

Broad range for the commodity in the coming week can be seen between 3330 – 3360 on downside & 3700 – 3730 on upside.

Crude Oil Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 23, 2017 – Oct 27, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL closed the week on positive note gaining around 1.90%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3330 to 3360 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3400 to 3430 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3406 and close the week around the levels of 3372.

Support for the commodity lies in the zone of 3330 to 3360 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 3400 to 3430 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3530 to 3570 where long term Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3250 – 3280 on downside & 3500 – 3530 on upside.

Crude Oil Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 16, 2017 – Oct 19, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3310) closed the week on positive note gaining around 2.20%.

As we have mentioned last week, that support for the commodity lies in the zone of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3150 to 3175 where break out levels and short term moving averages are lying. During the week the commodity manages to hit a low of 3218 and close the week around the levels of 3310.

Support for the commodity lies in the zone of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3150 to 3175 where break out levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 3330 to 3360 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3400 to 3430 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3180 – 3200 on downside & 3400 – 3430 on upside.

Crude Oil Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 09, 2017 – Oct 13, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3240) closed the week on negative note losing around 3.90%.

As we have mentioned last week, that support for the commodity lies in the zone of 3300 to 3330 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. During the week the commodity manages to hit a low of 3223 and close the week around the levels of 3240.

Support for the commodity lies in the zone of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3150 to 3175 where break out levels and short term moving averages are lying.

Resistance for the commodity lies in the zone of 3300 to 3330 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3400 to 3430 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3120 – 3150 on downside & 3350 – 3600 on upside.

Crude Oil Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Oct 03, 2017 – Oct 06, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3373) closed the week on positive note gaining around 2.60%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3300 to 3330 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3400 to 3430 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3472 and close the week around the levels of 3373.

Support for the commodity lies in the zone of 3300 to 3330 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying.

Resistance for the commodity lies in the zone of 3400 to 3430 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3500 to 3500 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3220 – 3250 on downside & 3450 – 3500 on upside.

Crude Oil Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Sep 25, 2017 – Sep 29, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3287) closed the week on positive note gaining around 3.00%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3300 to 3330 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3312 and close the week around the levels of 3287.

Support for the commodity lies in the zone of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3080 to 3120 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3300 to 3330 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3400 to 3430 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3120 – 3150 on downside & 3400 – 3430 on upside.

Crude Oil Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Sep 18, 2017 – Sep 22, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3191) closed the week on positive note gaining around 4.80%.

As we have mentioned last week, that support for the commodity lies in the zone of 2980 to 3020 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2880 to 2920 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 3010 and close the week around the levels of 3191.

Support for the commodity lies in the zone of 3080 to 3120 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2980 to 3020 where short term moving averages are lying.

Resistance for the commodity lies in the zone of 3200 to 3250 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3300 to 3330 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3020 – 3050 on downside & 3300 – 3330 on upside.

Crude Oil Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 28, 2017 – Sep 01, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3058) closed the week on negative note losing around 1.50%.

As we have mentioned last week, that support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2980 to 3020 where short term moving averages are lying. During the week the commodity manages to hit a low of 3013 and close the week around the levels of 3058.

Support for the commodity lies in the zone of 2980 to 3020 where short term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2880 to 2920 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3080 to 3120 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2900 – 2930 on downside & 3200 – 3230 on upside.

Crude Oil Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 21, 2017 – Aug 25, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3104) closed the week on negative note losing around 0.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030 where short term moving averages are lying. During the week the commodity manages to hit a low of 2981 and close the week around the levels of 3104.

Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2980 to 3020 where short term moving averages are lying.

Minor resistance for the commodity lies in the zone of 3140 to 3150. Resistance for the commodity lies in the zone of 3200 to 3230 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3280 to 3300 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 3000 – 3030 on downside & 3230 – 3250 on upside.

Crude Oil Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 14, 2017 – Aug 18, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3127) closed the week on negative note losing around 0.70%.

As we have mentioned last week, that support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030 where short term moving averages are lying. During the week the commodity manages to hit a low of 3082 and close the week around the levels of 3127.

Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030 where short term moving averages are lying.

Minor resistance for the commodity lies in the zone of 3160 to 3180. Resistance for the commodity lies in the zone of 3200 to 3230 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3280 to 3300 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 3030 – 3050 on downside & 3230 – 3250 on upside.

Crude Oil Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (Aug 07, 2017 – Aug 11, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3149) closed the week on negative note losing around 1.30%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 3150 to 3160. Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030 where short term moving averages are lying. During the week the commodity manages to hit a low of 3094 and close the week around the levels of 3149.

Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030 where short term moving averages are lying.

Resistance for the commodity lies in the zone of 3200 to 3230 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3280 to 3300 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 3030 – 3050 on downside & 3230 – 3250 on upside.

Crude Oil Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (July 31, 2017 – Aug 04, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3192) closed the week on positive note gaining around 7.70%.

As we have mentioned last week, that minor support for the commodity lies in the zone of 2900 to 2930. Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying. During the week the commodity manages to hit a low of 2936 and close the week around the levels of 3192.

Minor support for the commodity lies in the zone of 3150 to 3160. Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and medium term moving averages are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030 where short term moving averages are lying.

Resistance for the commodity lies in the zone of 3200 to 3230 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3280 to 3300 where 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 3080 – 3100 on downside & 3280 – 3300 on upside.

Crude Oil Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (July 24, 2017 – July 28, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2965) closed the week on negative note losing around 0.80%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3084 and close the week around the levels of 2965.

Minor support for the commodity lies in the zone of 2900 to 2930. Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2850 – 2880 on downside & 3080 – 3100 on upside.

Crude Oil Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (July 17, 2017 – July 21, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2990) closed the week on positive note gaining around 4.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 2880 to 2900 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3000 to 3030 where short term moving averages are lying. During the week the commodity manages to hit a high of 3010 and close the week around the levels of 2990.

Minor support for the commodity lies in the zone of 2900 to 2930. Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2850 – 2880 on downside & 3080 – 3100 on upside.

Crude Oil Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (July 10, 2017 – July 14, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2863) closed the week on negative note losing around 3.50%.

As we have mentioned last week, that resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci level is lying. During the week the commodity manages to hit a high of 3075 and close the week around the levels of 2863.

Support for the commodity lies in the zone of 2800 to 2830 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 2880 to 2900 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3000 to 3030 where short term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 2700 – 2730 on downside & 2950 – 3000 on upside.

Crude Oil Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (July 03, 2017 – July 07, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2968) closed the week on positive note gaining around 6.90%.

As we have mentioned last week that resistance for the commodity lies in the zone of 2800 to 2830 where the commodity has taken support in the month of May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 2880 to 2900 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 2972 and close the week around the levels of 2968.

Support for the commodity lies in the zone of 2880 to 2900 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2700 to 2750 where long term Fibonacci level is lying.

Resistance for the commodity lies in the zone of 3000 to 3030 where short term moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3080 to 3100 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 2800 – 2830 on downside & 3080 – 3100 on upside.

Crude Oil Outlook for the Week (June 26, 2017 – June 30, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (June 26, 2017 – June 30, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2777) closed the week on negative note losing around 3.50%.

As we have mentioned last week that support for the commodity lies in the zone of 2830 to 2880 where the commodity has taken support in the month of November-2016 and May-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650. During the week the commodity manages to hit a low of 2732 and close the week around the levels of 2777.

Support for the commodity lies in the zone of 2700 to 2730. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650.

Resistance for the commodity lies in the zone of 2800 to 2830 where the commodity has taken support in the month of May-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 2880 to 2900 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2600 – 2630 on downside & 2870 – 2900 on upside.

Crude Oil Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (June 19, 2017 – June 23, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2879) closed the week on negative note losing around 2.70%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3000 to 3030. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels and medium term moving averages are lying. During the week the commodity manages to hit a high of 3015 and close the week around the levels of 2879.

Support for the commodity lies in the zone of 2830 to 2880 where the commodity has taken support in the month of November-2016 and May-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650.

Minor resistance for the commodity lies in the zone of 2930 to 2950. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 2750 – 2780 on downside & 3000 – 3030 on upside.

Crude Oil Outlook for the Week (June 12, 2017 – June 16, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (June 12, 2017 – June 16, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2959) closed the week on negative note losing around 4.00%.

As we have mentioned last week that support for the commodity lies in the zone of 3000 to 3030 where break out levels for the commodity are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2900 to 2930. During the week the commodity manages to hit a low of 2910 and close the week around the levels of 2959.

Support for the commodity lies in the zone of 2830 to 2880 where the commodity has taken support in the month of November-2016 and May-2017. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2600 to 2650.

Minor resistance for the commodity lies in the zone of 3000 to 3030. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3200 to 3230 where Fibonacci levels and medium term moving averages are lying.

Broad range for the commodity in the coming week can be seen between 2800 – 2830 on downside & 3100 – 3130 on upside.

Crude Oil Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (June 05, 2017 – June 09, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3081) closed the week on negative note losing around 4.10%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3150 to 3170. Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030. During the week the commodity manages to hit a low of 3021 and close the week around the levels of 3081.

Support for the commodity lies in the zone of 3000 to 3030 where break out levels for the commodity are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 2900 to 2930.

Minor resistance for the commodity lies in the zone of 3130 to 3150. Resistance for the commodity lies in the zone of 3230 to 3250 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3300 to 3330 where Fibonacci levels and 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 2900 – 2930 on downside & 3200 – 3230 on upside.

Crude Oil Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 29, 2017 – June 02, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3213) closed the week on negative note losing around 1.80%.

As we have mentioned last week that resistance for the commodity lies in the zone of 3300 to 3330 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3400 to 3430 where medium term moving averages and Fibonacci levels are lying. During the week the commodity manages to hit a high of 3370 and close the week around the levels of 3213.

Minor support for the commodity lies in the zone of 3150 to 3170. Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3000 to 3030.

Resistance for the commodity lies in the zone of 3230 to 3250 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3300 to 3330 where Fibonacci levels and 200 Daily moving averages are lying.

Broad range for the commodity in the coming week can be seen between 3100 – 3130 on downside & 3300 – 3330 on upside.

Crude Oil Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 22, 2017 – May 26, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3271) closed the week on positive note gaining around 6.70%.

As we have mentioned last week that resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3282 and close the week around the levels of 3271.

Support for the commodity lies in the zone of 3200 to 3230 where short term moving averages & Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3300 to 3330 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3400 to 3430 where medium term moving averages and Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3150 – 3180 on downside & 3350 – 3380 on upside.

Crude Oil Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 15, 2017 – May 19, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3066) closed the week on positive note gaining around 3.30%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3000 to 3030. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying. During the week the commodity manages to hit a high of 3112 and close the week around the levels of 3066.

Minor support for the commodity lies in the zone of 3000 to 3030. Support for the commodity lies in the zone of 2880 to 2900 where the commodity has taken support in the month of September-2016 and November-2016. If the commodity manages to close below these levels then the commodity can drift to the levels of 2730 to 2750 where long term Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2950 – 2980 on downside & 3150 – 3170 on upside.

Crude Oil Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 08, 2017 – May 12, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (2969) closed the week on a negative note losing around 6.50%.

As we have mentioned last week that support for the commodity lies in the zone of 3160 to 3180 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of around 3080 to 3100 where Fibonacci level and lows for the month of March-2017 are lying. During the week the commodity manages to hit a low of 2839 and close the week around the levels of 2969.

Support for the commodity lies in the zone of 2880 to 2900 where the commodity has taken support in the month of September-2016 and November-2016. Support for the commodity lies in the zone of 2730 to 2750 where long term Fibonacci levels are lying. If the commodity manages to close below these levels then the commodity can witness a freefall and can drift to the levels of 2630 to 2650 where the commodity has formed a bottom in the month of August-2016.

Minor resistance for the commodity lies in the zone of 3000 to 3030. Resistance for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels and break down levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3230 to 3250 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 2770 – 2800 on downside & 3050 – 3070 on upside.

Crude Oil Outlook for the Week (May 01, 2017 – May 05, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (May 01, 2017 – May 05, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3174) closed the week on a negative note losing around 1.10%.

As we have mentioned last week that support for the commodity lies in the zone of 3160 to 3180 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of around 3080 to 3100 where Fibonacci level and lows for the month of March-2017 are lying. During the week the commodity manages to hit a low of 3101 and close the week around the levels of 3174.

Support for the commodity lies in the zone of 3160 to 3180 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of around 3080 to 3100 where Fibonacci level and lows for the month of March-2017 are lying.

Resistance for the commodity lies in the zone of 3230 to 3240 where Fibonacci levels are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3080 – 3100 on downside & 3250 – 3270 on upside.

Crude Oil Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (April 24, 2017 – April 28, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3208) closed the week on a negative note losing around 6.20%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3360 to 3380. Support for the commodity lies in the zone of 3300 to 3330 where Fibonacci level is lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3230 to 3270 where Fibonacci level and 200 Daily MA are lying. During the week the commodity manages to hit a low of 3195 and close the week around the levels of 3208.

Support for the commodity lies in the zone of 3160 to 3180 from where the commodity broke out after consolidation. If the commodity manages to close below these levels then the commodity can drift to the levels of around 3080 to 3100 where Fibonacci level and lows for the month of March-2017 are lying.

Resistance for the commodity lies in the zone of 3240 to 3270 where Fibonacci levels and 200 Daily moving averages are lying. If the commodity manages to close above these levels then the commodity can move to the levels of around 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3080 – 3100 on downside & 3330 – 3350 on upside.

Crude Oil Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (April 17, 2017 – April 21, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3420) closed the week on a positive note gaining around 1.80%.

As we have mentioned last week that resistance for the commodity lies in the zone of 3400 to 3430 where short term moving average and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3470 to 3500. During the week the commodity manages to hit a high of 3478 and close the week around the levels of 3420.

Minor support for the commodity lies in the zone of 3360 to 3380. Support for the commodity lies in the zone of 3300 to 3330 where Fibonacci level is lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3230 to 3270 where Fibonacci level and 200 Daily MA are lying.

Resistance for the commodity lies in the zone 3470 to 3500 from where the commodity broke down after consolidation. If the commodity manages to close above these levels then the commodity can move to the levels of around 3550 to 3570 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 3300 – 3330 on downside & 3550 – 3580 on upside.

Crude Oil Outlook for the Week (April 10, 2017 – April 14, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (April 10, 2017 – April 14, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3359) closed the week on a positive note gaining around 2.30%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3240 to 3260. Support for the commodity lies in the zone of 3200 to 3220 where Fibonacci level and break out levels are lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3160 to 3180 from where the commodity broke out after consolidation. During the week the commodity manages to hit a low of 3268 and close the week around the levels of 3359.

Minor support for the commodity lies in the zone of 3300 to 3330. Support for the commodity lies in the zone of 3230 to 3270 where Fibonacci level and 200 Daily MA are lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3160 to 3180 from where the commodity broke out after consolidation.

Resistance for the commodity lies in the zone of 3400 to 3430 where short term moving average and Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3470 to 3500.

Broad range for the commodity in the coming week can be seen between 3230 – 3250 on downside & 3430 – 3470 on upside.

Crude Oil Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Crude Oil for the week  (April 03, 2017 – April 07, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3284) closed the week on a positive note gaining around 4.50%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3170 to 3180. Resistance for the commodity lies in the zone of 3210 to 3230 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3260 to 3280 where 200 Daily SMA is lying. During the week the commodity manages to hit a high of 3288 and close the week around the levels of 3284.

Minor support for the commodity lies in the zone of 3240 to 3260. Support for the commodity lies in the zone of 3200 to 3220 where Fibonacci level and break out levels are lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3160 to 3180 from where the commodity broke out after consolidation.

Resistance for the commodity lies in the zone of 3260 to 3280 where 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3320 to 3340 where Fibonacci level is lying.

Broad range for the commodity in the coming week can be seen between 3200 – 3220 on downside & 3350 – 3370 on upside.

Crude Oil Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Crude Oil for the week (March 27, 2017 – March 31, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3142) closed the week on a negative note losing around 1.70%.

As we have mentioned last week that support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 3104 and close the week around the levels of 3142.

Support for the commodity lies in the zone of 3080 to 3100 where Fibonacci levels are lying. If the commodity manage to close below these levels then the commodity can drift to the levels of 3030 to 3050.

Minor resistance for the commodity lies in the zone of 3170 to 3180. Resistance for the commodity lies in the zone of 3210 to 3230 where Fibonacci level is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3260 to 3280 where 200 Daily SMA is lying.

Broad range for the commodity in the coming week can be seen between 3050 – 3070 on downside & 3230 – 3250 on upside.

Crude Oil Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Crude Oil for the week (March 20, 2017 – March 24, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3196) closed the week on a negative note losing around 1.00%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3200 to 3210. Support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying. During the week the commodity manages to hit a low of 3107 and close the week around the levels of 3196.

Support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying.

Minor resistance for the commodity lies in the zone of 3210 to 3230. Resistance for the commodity lies in the zone of 3270 to 3280 where 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3100 – 3120 on downside & 3300 – 3320 on upside.

Crude Oil Outlook for the Week (March 13, 2017 – March 17, 2017)

EquityPandit’s Outlook for Crude Oil for the week (March 13, 2017 – March 17, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3229) closed the week on a negative note losing around 9.20%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3580 to 3600. Resistance for the commodity lies in the zone of 3690 to 3710 where the commodity is facing multiple resistance. If the commodity manages to close above these levels then the commodity can move to the levels of 3750 to 3780 where the commodity has formed a high in the month of January-2017. During the week the commodity manages to hit a high of 3588 and close the week around the levels of 3229.

Minor support for the commodity lies in the zone of 3200 to 3210. Support for the commodity lies in the zone of 3150 to 3170 from where the commodity broke out after consolidation. If the commodity manage to close below these levels then the commodity can drift to the levels of 3080 to 3100 where Fibonacci levels are lying.

Resistance for the commodity lies in the zone of 3260 to 3290 where 200 Daily SMA is lying. If the commodity manages to close above these levels then the commodity can move to the levels of 3330 to 3350 where Fibonacci levels are lying.

Broad range for the commodity in the coming week can be seen between 3100 – 3120 on downside & 3300 – 3320 on upside.

Crude Oil Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Crude Oil for the week (March 06, 2017 – March 10, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3556) closed the week with a negative note losing around 1.60%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3580 to 3600. Support for the commodity lies in the zone of 3530 to 3550 where the commodity has taken multiple support on daily basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 3450 to 3480 where medium term moving averages, Fibonacci level and trend-line joining earlier highs are lying. During the week the commodity manages to hit a low of 3520 and close the week around the levels of 3556.

Support for the commodity lies in the zone of 3530 to 3550 where the commodity has taken multiple support on daily basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 3450 to 3480 where medium term moving averages, Fibonacci level and trend-line joining earlier highs are lying.

Minor resistance for the commodity lies in the zone of 3580 to 3600. Resistance for the commodity lies in the zone of 3690 to 3710 where the commodity is facing multiple resistance. If the commodity manages to close above these levels then the commodity can move to the levels of 3750 to 3780 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 3450 – 3470 on downside & 3650 – 3670 on upside.

Crude Oil Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Crude Oil for the week (February 27, 2017 – March 03, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3615) closed the week with a positive note gaining around 1.00%.

As we have mentioned last week that minor resistance for the commodity lies in the zone of 3620 to 3630. Resistance for the commodity lies in the zone of 3740 to 3770 from where the commodity sold off in the month of January-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3950 to 4000 where the commodity has formed a double top pattern and sold off. During the week the commodity manages to hit a high of 3694 and close the week around the levels of 3615.

Minor support for the commodity lies in the zone of 3580 to 3600. Support for the commodity lies in the zone of 3530 to 3550 where the commodity has taken multiple support on daily basis. If the commodity manages to close below these levels then the commodity can drift to the levels of 3450 to 3480 where medium term moving averages, Fibonacci level and trend-line joining earlier highs are lying.

Minor resistance for the commodity lies in the zone of 3620 to 3630. Resistance for the commodity lies in the zone of 3690 to 3710 where the commodity is facing multiple resistance. If the commodity manages to close above these levels then the commodity can move to the levels of 3750 to 3780 where the commodity has formed a high in the month of January-2017.

Broad range for the commodity in the coming week can be seen between 3500 – 3530 on downside and 3690 – 3710 on upside.

Crude Oil Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Crude Oil for the week (February 20, 2017 – February 24, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3580) closed the week with a negative note losing around 0.80%.

As we have mentioned last week that minor support for the commodity lies in the zone of 3530 to 3550. Support for the commodity lies in the zone of 3440 to 3460 where trend-line joining highs of May-2016 and October-2016 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3350 to 3380 where medium term moving averages are lying. During the week the commodity manages to hit a low of 3530 and close the week around the levels of 3580.

Minor support for the commodity lies in the zone of 3530 to 3550. Support for the commodity lies in the zone of 3440 to 3460 where trend-line joining highs of May-2016 and October-2016 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 3620 to 3630. Resistance for the commodity lies in the zone of 3740 to 3770 from where the commodity sold off in the month of January-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3950 to 4000 where the commodity has formed a double top pattern and sold off.

Broad range for the commodity in the coming week can be seen between 3460 – 3480 on downside and 3660 – 3680 on upside.

Crude Oil Outlook for the Week (February 13, 2017 – February 17, 2017)

EquityPandit’s Outlook for Crude Oil for the week (February 13, 2017 – February 17, 2017) :

CRUDE OIL:

 

CRUDEOIL 1

 

CRUDE OIL (3609) closed the week with a negative note losing around 0.10%.

Minor support for the commodity lies in the zone of 3530 to 3550. Support for the commodity lies in the zone of 3440 to 3460 where trend-line joining highs of May-2016 and October-2016 is lying. If the commodity manages to close below these levels then the commodity can drift to the levels of 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the commodity lies in the zone of 3650 to 3670. Resistance for the commodity lies in the zone of 3740 to 3770 from where the commodity sold off in the month of January-2017. If the commodity manages to close above these levels then the commodity can move to the levels of 3950 to 4000 where the commodity has formed a double top pattern and sold off.

Broad range for the commodity in the coming week can be seen between 3460 – 3480 on downside and 3740 – 3760 on upside.