The downtrend may be expected to continue, while oil is trading below resistance level 60.24, which will be followed by reaching support level 58.82 - 58.05.
WTI Crude oil, Monday forecast, September 16
The downtrend may be expected to continue, while oil is trading below resistance level 60.24, which will be followed by reaching support level 58.82 - 58.05.
An uptrend will start as soon, as oil rises above resistance level 60.24, which will be followed by moving up to resistance level 61.47 and if it keeps on moving up above that level, we may expect oil to reach resistance level 63.34.
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