WTI Crude oil, Wednesday forecast, August 28
The uptrend may be expected to continue, while pair is trading above support level 55.26, which will be followed by reaching resistance level 56.12 - 56.74.
An downtrend will start from resistance accumulation 56.12 - 56.74 or as soon, as the pair drops below support level 55.26, which will be followed by moving down to support level 54.21.
Weekly forecast, August 26 - 30
The downtrend may be expected to continue, while pair is trading below resistance level 54.95, which will be followed by reaching support level 52.55 and if it keeps on moving down below that level, we may expect the pair to reach support level 50.52.
An downtrend will start as soon, as the pair drops below support level 54.95, which will be followed by moving down to support level 57.50.
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