WTI Crude oil, Tuesday forecast, August 13
The uptrend may be expected to continue, while crude oil is trading above support level 54.80, which will be followed by reaching resistance level 55.85 - 56.20.
A downtrend will start as soon, as the pair drops below support level 54.35, which will be followed by moving down to support level 53.45.
Weekly forecast, August 12 - 16
The uptrend may be expected to continue, while crude oil is trading above support level 52.60, which will be followed by reaching resistance level 56.20.
A downtrend will start as soon, as the pair drops below support level 52.60, which will be followed by moving down to support level 50.63.
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