The downtrend may be expected to continue in case the market drops below support level 51.15, which will be followed by reaching support level 50.50 - 50.30.
WTI Crude oil, CL futures market
Monday forecast, February 24
Downtrend
The downtrend may be expected to continue in case the market drops below support level 51.15, which will be followed by reaching support level 50.50 - 50.30.
Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 51.66, which will be followed by moving up to resistance level 52.29.
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