WTI Crude Oil: Going Down To 55.66 While Trading Below 57.50

The downtrend may be expected to continue, while crude oil is trading below resistance level 57.50, which will be followed by reaching support level 55.66 and 55.05.

WTI Crude oil, Wednesday forecast, September 25

The downtrend may be expected to continue, while crude oil is trading below resistance level 57.50, which will be followed by reaching support level 55.66 and 55.05. An uptrend will start as soon, as crude oil rises above resistance level 57.50, which will be followed by moving up to resistance level 58.05 and 58.70.

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Weekly forecast, September 23 - 27

A downtrend will start as soon, as crude oil drops below support level 57.50, which will be followed by moving down to support level 55.05. An uptrend will start as soon, as crude oil rises above resistance level 60.28, which will be followed by moving up to resistance level 63.10.

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