Crude oil Tuesday Forecast

Tuesday Forecast

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 65.70, which will be followed by moving up to resistance level 66.60 and if it keeps on moving up above that level, we may expect the market to reach resistance level 68.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 65.70, which will be followed by reaching support level 64.57 and 63.80.

Chart Crude oil Forecast 2020, Long-term Outlook, Technical Analysis

This/Next Week Forecast (March 8 – 12, 2021)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 66.60, which will be followed by reaching resistance level 70.40.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 63.80, which will be followed by moving down to support level 58.60.

Chart Crude oil Forecast 2020, Long-term Outlook, Technical Analysis

previous week forecast

Fundamental Analysis

Difference between supply and demand shows fair price between the levels $63.

Chart Crude Oil Storage, Inventory

Monthly Forecast, March 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 57.40, which will be followed by reaching resistance level 64.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 57.40, which will be followed by moving down to support level 52.

Chart Crude oil Forecast 2020, Long-term Outlook, Technical Analysis

previous month forecast

Share on facebook
Share on twitter
Share on linkedin

LEARN TO ANALYZE AND FORECAST THE MARKETS

Stage One $1700
Stage Two $1700
Stage Three $1700

PROLONGUE TRAINING

Mentorship $500