ZWTI Crude oil (CL), Futures market
Thursday forecast, June 25
Uptrend
An uptrend will start as soon, as WTI Crude oil rises above resistance level 38.10, which will be followed by moving up to resistance level 38.60 - 39.00.
Downtrend
The downtrend may be expected to continue, while WTI Crude oil is trading below resistance level 38.10, which will be followed by reaching support level 36.80 and if it keeps on moving down below that level, we may expect WTI Crude oil to reach support level 35.90.
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
A 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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