WTI Crude Oil: Correction To 54.93 While Trading Below 56.07

Forex Trader • Oct 24, 2019 at 9:02 AM EDT

The downtrend may be expected to continue, while crude oil is trading below resistance level 56.07, which will be followed by reaching support level 54.93.

WTI Crude oil, Thursday forecast, October 24

The downtrend may be expected to continue, while crude oil is trading below resistance level 56.07, which will be followed by reaching support level 54.93 and if it keeps on moving down below that level, we may expect crude oil to reach support level 53.62.

The uptrend may be expected to continue from support 54.93 or in case the market rises above resistance level 56.07, which will be followed by reaching resistance level 56.65.

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