Weekly Forecast: WTI Oil

WTI Crude oil, Monday forecast, August 5

The downtrend may be expected to continue, while pair is trading below resistance level 55.80, which will be followed by reaching support level 54.50 - 54.15. An uptrend will start as soon, as the pair rises above resistance level 55.80, which will be followed by moving up to resistance level 57.15 - 57.50.

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Weekly forecast, August 5 - 9

The pair is trading along with a sideways trend between support 53.45 and resistance 55.80. An uptrend will start as soon, as the pair rises above resistance level 55.80, which will be followed by moving up to resistance level 57.50 and 60.25.

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