WTI Crude oil (CL), Futures market
Wednesday Forecast, July 15
Uptrend
The uptrend may be expected to continue, while crude oil is trading above support level 40.37, which will be followed by reaching resistance level 41.08 - 41.63.
Downtrend
An downtrend will start as soon, as it drops below support level 40.37, which will be followed by moving down to support level 39.60.
Weekly Forecast, July 13 - 17
Uptrend
The uptrend may be expected to continue, while it is trading above support level 38.50, which will be followed by reaching resistance level 42.30.
Downtrend
An downtrend will start as soon, as it drops below support level 38.50, which will be followed by moving down to support level 36.00.
Monthly Forecast, July 2020
Uptrend
An uptrend will start as soon, as 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 it 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 the it to reach support level 26.00 - 21.42.
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