WTI Crude oil, Monday forecast, August 19
An downtrend will start as soon, as the pair drops below support level 54.60, which will be followed by moving down to support level 53.77 and if it keeps on moving down below that level, we may expect the pair to reach support level 52.55.
An uptrend will start as soon, as the pair rises above resistance level 55.78, which will be followed by moving up to resistance level 56.30 – 56.70.
Forecast based on “Strategist” trading system
Trading signals based on forecast