WTI Crude oil (CL), Futures market
Wednesday forecast, March 11
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 33.53, which will be followed by reaching support level 31.79 and 30.25.
Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 33.53, which will be followed by moving up to resistance level 35.35.
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Weekly forecast, March 9 - 13
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 35.35, which will be followed by reaching support level 27.35 - 26.15.
Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 35.35, which will be followed by moving up to resistance level 39.20 and 41.56.
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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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