WTI Crude Oil Going Up To Resistance Level 52.02 While Trading Above Level 51.00

Forex Trader • Feb 25, 2020 at 10:23 AM EST

The uptrend may be expected to continue, while crude oil is trading above support level 51.00, which will be followed by reaching resistance level 52.02.

WTI Crude oil, CL futures market

Tuesday forecast, February 25

Uptrend

The uptrend may be expected to continue, while crude oil is trading above support level 51.00, which will be followed by reaching resistance level 52.02 and if it keeps on moving up above that level, we may expect crude oil to reach resistance level 52.70 and 53.31.

Downtrend

A downtrend will start from resistance level 52.02, or as soon, as crude oil drops below support level 51.00, which will be followed by moving down to support level 50.30.

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