WEEKLY FORECAST FOR LIGHT SWEET CRUDE OIL: APRIL 14-18

Light Sweet oil?s (WTI) rate increased during the week and on Thursday reached $103/barrel, which was a maximum since the beginning of March 2014.

We think that oil?s price will correct next week. Sales can start after the breach of $102. Nearest targets of the technical correction can be located at $101.50, $100.800 and $100.00.



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In order for WTI to keep growing, bulls need to breach a resistance level of $103.00. If it happens, rate can get to $103.800 and $104.750.

This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

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