WTI Crude oil, Monday forecast, October 7
The uptrend may be expected to continue, while crude oil is trading above support level 52.92, which will be followed by reaching resistance level 53.35 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 54.15. A downtrend will start from resistance 53.35, which will be followed by moving down to support level 52.59 and 52.03.
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Weekly Forecast, October 7 - 11
The uptrend may be expected to continue, while crude oil is trading above support level 52.05, which will be followed by reaching resistance level 54.15 and if it keeps on moving up above that level, we may expect crude oil to reach resistance level 55.55. A downtrend will start as soon, as crude oil drops below support level 52.05, which will be followed by moving down to support level 50.52.
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