Crude Oil Forecast, Technical Analysis

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  • WTI Crude oil, CL futures market
    Tuesday forecast, February 25

    Uptrend
    The uptrend may be expected to continue, while pair is trading above support level 51.00, which will be followed by reaching resistance level 52.02 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 52.70 and 53.31.
    Downtrend
    An downtrend will start from resistance level 52.02, or as soon, as the pair drops below support level 51.00, which will be followed by moving down to support level 50.30.

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