Crude Oil Forecast, Technical Analysis

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  • WTI Crude oil (CL), Futures market
    Tuesday forecast, March 31
    Uptrend

    The uptrend may be expected to continue, while pair is trading above support level 20.80, which will be followed by reaching resistance level 21.96 and 22.50.
    Downtrend
    An downtrend will start as soon, as the pair drops below support level 20.80, which will be followed by moving down to support level 19.92.

    Weekly forecast, March 30 – April 3
    Downtrend
    The downtrend may be expected to continue, while pair is trading below resistance level 20.80, which will be followed by reaching support level 17.12
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 20.80, which will be followed by moving up to resistance level 22.50 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 24.40 – 25.19.

    Monthly forecast, April 2020
    Downtrend
    The downtrend may be expected to continue, while pair is trading below resistance level 26.05, which will be followed by reaching support level 17.12 or 10.65.
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 26.05, which will be followed by moving up to resistance level 42.36.


    DISCLAIMER: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor

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