WTI Crude oil, Thursday forecast, September 5
A downtrend will start as soon, as WTI Crude oil drops below support level 55.83, which will be followed by moving down to support level 53.92.
The uptrend may be expected to continue in case the market rises above resistance level 56.74, which will be followed by reaching resistance level 57.50.
Weekly forecast, September 2 - 6
A downtrend will start as soon, as WTI Crude oil drops below support level 54.60, which will be followed by moving down to support level 53.25. Or from resistance accumulation 56.12 - 56.74, which will be followed by moving down to support level 53.25
An uptrend will start as soon, as WTI Crude oil rises above resistance level 55.15, which will be followed by moving up to resistance level 56.12 - 56.74.
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