WTI Crude oil, Monday forecast, August 26
The downtrend may be expected to continue, while WTI Crude oil is trading below resistance level 54.60, which will be followed by reaching support level 53.40.
An uptrend will start as soon, as WTI Crude oil rises above resistance level 54.60, which will be followed by moving up to resistance level 56.75.
Weekly forecast, August 26 - 30
The downtrend may be expected to continue, while WTI Crude oil is trading below resistance level 54.95, which will be followed by reaching support level 52.55 and if it keeps on moving down below that level, we may expect the pair to reach support level 50.52.
A downtrend will start as soon, as WTI Crude oil drops below support level 54.95, which will be followed by moving down to support level 57.50.
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