Crude oil Weekly Forecast

This/Next Week Forecast (June 20 – 24, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 110.43, which will be followed by moving up to resistance level 116.64.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 110.43, which will be followed by reaching support level 103.24.

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

Monthly Forecast, June 2022

Uptrend scenario
The downtrend may be expected to continue, while pair is trading below resistance level 114.83 – 116.64, which will be followed by reaching support level 98.20.
Downtrend scenario
An uptrend will start as soon, as the pair rises above resistance level 116.64, which will be followed by moving up to resistance level 130.50.

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

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