WTI Crude Oil Went On Correction To 52.60

WTI Crude oil, Monday forecast, August 12

The downtrend may be expected to continue, while oil is trading below resistance level 54.35, which will be followed by reaching support level 52.60. An uptrend will start as soon, as oil rises above resistance level 54.35, which will be followed by moving up to resistance level 59.20.

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Weekly forecast, August 12 - 16

The uptrend may be expected to continue, while oil is trading above support level 52.60, which will be followed by reaching resistance level 56.20. A downtrend will start as soon, as oil drops below support level 52.60, which will be followed by moving down to support level 50.63.

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