Crude oil Friday Forecast

Friday Forecast, 29 July 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 99, which will be followed by moving up to resistance level 101.50.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 99, which will be followed by reaching support level 92.90.

This/Next Week Forecast (July 25 – 29, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 101.53, which will be followed by moving up to resistance level 114.05.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 92.93, which will be followed by moving down to support level 85.41.

Monthly Forecast, August 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 101.53, which will be followed by moving up to resistance level 114.05.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 92.93, which will be followed by moving down to support level 85.41 and 76.98.

previous month forecast

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