WTI Crude oil (CL), Futures market
Monday forecast, June 22
Uptrend
An uptrend will start as soon, as WTI Crude Oil rises above resistance level 40.17, which will be followed by moving up to resistance level 40.61.
Downtrend
A downtrend will start as soon, as WTI Crude Oil drops below support level 39.55, which will be followed by moving down to support level 39.06 and if it keeps on moving down below that level, we may expect the pair to reach support level 38.50.
Weekly forecast, June 22 - 26
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 40.60, which will be followed by reaching resistance level 41.65 - 42.30.
Downtrend
An downtrend will start as soon, as WTI Crude Oil drops below support level 39.06, which will be followed by moving down to support level 34.35.
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