WTI Crude Oil Have A Range Trading Between 58.16 - 57.21

WTI Crude oil, Tuesday forecast, November 26

Downtrend

The downtrend may be expected to continue, while crude oil is trading below resistance level 58.16, which will be followed by reaching support level 57.45 and if it keeps on moving down below 57.21, we may expect crude oil to reach support level 56.60.

Uptrend

An uptrend will start as soon, as crude oil rises above resistance level 58.16, which will be followed by moving up to resistance level 58.74 and if it keeps on moving up above that level, we may expect crude oil to reach resistance level 59.20.

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Weekly forecast, November 25 - 29

Sideways trend

Crude oil is trading along with a sideways trend between support 57.37 and resistance 58.74.

Downtrend

A downtrend will start as soon, as crude oil drops below support level 57.37, which will be followed by moving down to support level 56.60 and 54.90.

Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 58.74, which will be followed by moving up to resistance level 60.20.

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Monthly forecast, November - December

Downtrend

The downtrend may be expected to continue, while crude oil is trading below resistance level 57.00, which will be followed by reaching support level 53.86 - 52.79 and if it keeps on moving down below that level, we may expect crude oil to reach support level 50.52.

Uptrend

An uptrend will start as soon, as crude oil rises above resistance level 57.00, which will be followed by moving up to resistance level 60.20.

(Click on image to enlarge)