WTI Crude oil (CL), Futures market
Friday forecast, April 3
Uptrend
The uptrend may be expected to continue, while crude oil is trading above support level 25.25, which will be followed by reaching resistance level 27.38 and 28.49.
Downtrend
A downtrend will start as soon, as crude oi drops below support level 25.50, which will be followed by moving down to support level 23.45 and if it keeps on moving down below that level, we may expect crude oi to reach support level 21.89.
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Weekly forecast, March 30 - April 3
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 20.80, which will be followed by reaching support level 17.12
Uptrend
An uptrend will start as soon, as crude oi rises above resistance level 20.80, which will be followed by moving up to resistance level 22.50 and if it keeps on moving up above that level, we may expect crude oi to reach resistance level 24.40 - 25.19.
Monthly forecast, April 2020
Downtrend
The downtrend may be expected to continue, while crude oi is trading below resistance level 26.05, which will be followed by reaching support level 17.12 or 10.65.
Uptrend
An uptrend will start as soon, as crude oi rises above resistance level 26.05, which will be followed by moving up to resistance level 42.36.
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