WTI Crude oil (CL), Futures market
Thursday forecast, April 2
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 22.55, which will be followed by reaching resistance level 23.45.
Downtrend
A downtrend will start as soon, as crude oil drops below support level 21.56, which will be followed by moving down to support level 20.80 and if it keeps on moving down below that level, we may expect crude oil to reach support level 20.10.
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Weekly forecast, March 30 - April 3
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 20.80, which will be followed by reaching support level 17.12
Uptrend
An uptrend will start as soon, as crude oil rises above resistance level 20.80, which will be followed by moving up to resistance level 22.50 and if it keeps on moving up above that level, we may expect crude oil to reach resistance level 24.40 - 25.19.
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Monthly forecast, April 2020
Downtrend
The downtrend may be expected to continue, while crude oil is trading below resistance level 26.05, which will be followed by reaching support level 17.12 or 10.65.
Uptrend\
An uptrend will start as soon, as crude oil rises above resistance level 26.05, which will be followed by moving up to resistance level 42.36.
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