WTI Crude oil, Thursday forecast, September 26
The uptrend may be expected to continue, while crude oil is trading above support level 56.20, which will be followed by reaching resistance level 56.75 and 57.50. A downtrend will start as soon, as crude oil drops below support level 56.20, which will be followed by moving down to support level 55.66 and if it keeps on moving down below that level, we may expect crude oil to reach support level 54.90.
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Weekly forecast, September 23 - 27
A downtrend will start as soon, as crude oil drops below support level 57.50, which will be followed by moving down to support level 55.05. An uptrend will start as soon, as crude oil rises above resistance level 60.28, which will be followed by moving up to resistance level 63.10.
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