WTI Crude oil, Friday forecast, September 6
The downtrend may be expected to continue, while crude oil is trading below resistance level 57.13, which will be followed by reaching support level 55.75, 54.75 and 53.92. An uptrend is not expected today.
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Weekly forecast, September 2 - 6
A downtrend will start as soon, as crude oil drops below support level 54.60, which will be followed by moving down to support level 53.25. Or from resistance accumulation 56.12 - 56.74, which will be followed by moving down to support level 53.25. An uptrend will start as soon, as crude oil rises above resistance level 55.15, which will be followed by moving up to resistance level 56.12 - 56.74.
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