WTI Crude Oil Forecast - Thursday, August 8

Forex Trader • Aug 8, 2019 at 6:01 AM EDT

The uptrend may be expected to continue, while pair is trading above support level 52.25, which will be followed by reaching resistance level 53.60

WTI Crude oil, Thursday forecast, August 8

The uptrend may be expected to continue, while pair is trading above support level 52.25, which will be followed by reaching resistance level 53.60.

An downtrend will start as soon, as the pair drops below support level 52.25, which will be followed by moving down to support level 51.18.

Weekly forecast, August 5 - 9

The pair is trading along a sideways trend between support 53.45 and resistance 55.80.

An uptrend will start as soon, as the pair rises above resistance level 55.80, which will be followed by moving up to resistance level 57.50 and 60.25.

Disclaimer:

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.