Thursday forecast, July 18
The pair is trading along a sideways trend between support 56.05 and resistance 57.07.
The downtrend may be expected to continue in case the market drops below support level 56.05, which will be followed by reaching support level 54.82.
An uptrend will start as soon, as the pair rises above resistance level 57.07, which will be followed by moving up to resistance level 57.95 and then 59.25.
Crude oil weekly forecast, July 15 - 19
The pair is trading along an uptrend with target on 61,45, 63,10 and may be expected to continue, while pair is trading above support level 59,25.
A downtrend will start as soon, as the pair drops below support level 59,25, which will be followed by moving down to support level 57,50.
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