Crude oil Forecast This Week and Long-Term

Crude Oil This/Next Week Price Forecast, Technical Analysis, Market Outlook
(August 10 – 14)

Uptrend
The uptrend may be expected to continue, while pair is trading above support level 38.50, which will be followed by reaching resistance level 42.30.
Downtrend
An downtrend will start as soon, as the pair drops below support level 38.50, which will be followed by moving down to support level 36.00.

Crude oil futures market forecast for this/next week, technical analysis and outlook

Crude oil Long-Term Price Forecast, Technical Analysis, Market Outlook
(Quarter III: July – September, 2020)

Uptrend
An uptrend will start as soon, as the pair rises above resistance level 41.05, which will be followed by moving up to resistance level 50.50.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 41.05, which will be followed by reaching support level 34.35 and if it keeps on moving down below that level, we may expect the pair to reach support level 26.00 – 21.42.

Crude oil futures market forecast for this/next week, technical analysis and outlook

Crude Oil Stocks/Inventory 5 years average with this year and US PMI index

Crude Oil futures market Stocks/Inventory 5 years average with this year

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