WTI Crude oil (CL), Futures market
Monday forecast, July 13
Uptrend
The uptrend may be expected to continue, while crude oil is trading above support level 39.60, which will be followed by reaching resistance level 41.08.
Downtrend
A downtrend will start as soon, as crude oil drops below support level 39.60, which will be followed by moving down to support level 38.50.
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Weekly forecast, July 13 - 17
Uptrend
The uptrend may be expected to continue, while crude oil is trading above support level 38.50, which will be followed by reaching resistance level 42.30.
Downtrend
A downtrend will start as soon, as crude oil drops below support level 38.50, which will be followed by moving down to support level 36.00.
(Click on image to enlarge)
Monthly forecast, July 2020
Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 41.05, which will be followed by moving up to resistance level 50.50.
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 41.05, which will be followed by reaching support level 34.35 and if it keeps on moving down below that level, we may expect crude oil to reach support level 26.00 - 21.42.
(Click on image to enlarge)
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