WTI Crude oil, Thursday forecast, October 31
An uptrend will start as soon, as crude oil rises above resistance level 55.25, which will be followed by moving up to resistance level 55.91 and if it keeps on moving up above that level, we may expect crude oil to reach resistance level 56.55. A downtrend will start as soon, as crude oil drops below support level 54.42, which will be followed by moving down to support level 53.62.
(Click on image to enlarge)
Weekly forecast, October 28 - November 1
The downtrend may be expected to continue, while crude oil is trading below resistance level 56.66, which will be followed by reaching support level 55.41 and 54.77. An uptrend will start as soon, as crude oil rises above resistance level 56.66, which will be followed by moving up to resistance level 58.12.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.