Crude oil Wednesday Forecast

Wednesday Forecast (July 26, 2023)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 77,15, which will be followed by reaching resistance level 81,44.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 77,15, which will be followed by moving down to support level 73,78.

Weekly Forecast (July 24 – 28, 2023)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 77,15, which will be followed by reaching resistance level 81,44.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 77,15, which will be followed by moving down to support level 73,78.

Monthly Forecast, July 2023

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 75,70, which will be followed by moving up to resistance level 82,24.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 75,70, which will be followed by reaching support level 72,72 and 66,96.

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