Crude oil Weekly Forecast

This/Next Week Forecast (August 1 – 5, 2022)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 101,53, which will be followed by reaching resistance level  105,24 and if it keeps on moving up above that level, we may expect the market to reach resistance level 114,05.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 101,53, which will be followed by reaching support level 92,93 and if it keeps on moving down below that level, we may expect the market to reach support level 85,41.

previous week forecast

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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