WTI Crude oil, Tuesday forecast, February 12

WTI Crude oil, CL futures market
Tuesday forecast, February 12

Downtrend
An downtrend will start as soon, as the pair drops below support level 50.45, which will be followed by moving down to support level 50.12 and 49.65.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 50.78, which will be followed by moving up to resistance level 51.20.

Weekly forecast, February 10 – 14
Forecast and technical analysis
Downtrend
The downtrend may be expected to continue in case the market drops below support level 49.22, which will be followed by reaching support level 47.00.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 51.20, which will be followed by moving up to resistance level 52.70.