WTI Crude oil, Wednesday forecast, September 4
The uptrend may be expected to continue in case the market rises above resistance level 54.30, which will be followed by reaching resistance level 55.00 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 56.20.
A downtrend will start from resistance 55.00, as soon, as the pair drops below support level 53.77, which will be followed by moving down to support level 52.96.
Weekly forecast, September 2 - 6
A downtrend will start as soon, as the pair drops below support level 54.60, which will be followed by moving down to support level 53.25. Or from resistance accumulation 56.12 - 56.74, which will be followed by moving down to support level 53.25
An uptrend will start as soon, as the pair rises above resistance level 55.15, which will be followed by moving up to resistance level 56.12 - 56.74.
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