WTI Crude oil (CL), Futures market
Weekly forecast, March 2 - 7
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 45.25 - 46.50, which will be followed by reaching support level 42.40.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 46.50, which will be followed by moving up to resistance level 50.50.
Monthly forecast, March 2020
Downtrend
The downtrend may be expected to continue in case the market drops below support level 42.40, which will be followed by reaching support level 39.20, 35.35, 26.15.
Correction
An correction may start from support 42.40 to resistance 50.50.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level50.50, which will be followed by moving up to resistance level 63.80.
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