WTI Crude oil (CL), Futures market
Tuesday forecast, March 31
Uptrend
The uptrend may be expected to continue, while crude oil is trading above support level 20.80, which will be followed by reaching resistance level 21.96 and 22.50.
Downtrend
A downtrend will start as soon, as crude oil drops below support level 20.80, which will be followed by moving down to support level 19.92.
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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 oil 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 oil to reach resistance level 24.40 - 25.19.
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Monthly forecast, April 2020
Downtrend
The downtrend may be expected to continue, while crude oil 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 oil rises above resistance level 26.05, which will be followed by moving up to resistance level 42.36.
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