WTI Crude Oil Forecast - Tuesday, July 7

WTI Crude oil (CL), Futures market
Tuesday forecast, July 7

Uptrend

An uptrend will start as soon, as WTI Crude oil rises above resistance level 40.15, which will be followed by moving up to resistance level 31.05.

Downtrend

The downtrend may be expected to continue, while WTI Crude oil is trading below resistance level 40.15, which will be followed by reaching support level 39.70 - 39.06.

Weekly forecast, July 6 - 10

Uptrend

The uptrend may be expected to continue, while WTI Crude oil is trading above support level 39.59, which will be followed by reaching resistance level 42.30.

Downtrend

A downtrend will start as soon, as WTI Crude oil drops below support level 39.59, which will be followed by moving down to support level 38.04 - 36.03.

Monthly forecast, July 2020

Uptrend

An uptrend will start as soon, as WTI 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 WTI 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 WTI Crude oil to reach support level 26.00 - 21.42.