WTI Crude oil (CL), Futures market
Monday forecast, March 16
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 30.00, which will be followed by reaching support level 27.56.
Uptrend
A downtrend will start as soon, as the crude oil drops below support level 30.00, which will be followed by moving down to support level 31.58 or 33.87.
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Weekly forecast, March 16 - 20
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 30.00, which will be followed by reaching support level 27.56 and 26.15.
Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 30.00, which will be followed by moving up to resistance level 34.85 - 36.34.
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Monthly forecast, March 2020
Downtrend
The downtrend may be expected to continue in case the market drops below support level 42.40, which will be followed by reaching support level 39.20, 35.35, 26.15.
Correction
A correction may start from support 42.40 to resistance 50.50.
Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 50.50, which will be followed by moving up to resistance level 63.80.
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