WTI Crude oil (CL), Futures market
Tuesday forecast, June 23
Uptrend
The uptrend may be expected to continue, while WTI Crude oil is trading above support level 41.24, which will be followed by reaching resistance level 41.65 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 42.30.
Downtrend
A downtrend will start as soon, as the WTI Crude oil drops below support level 41.24, which will be followed by moving down to support level 40.25 and if it keeps on moving down below that level, we may expect the pair to reach support level 39.06.
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 the 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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