Crude Oil Forecast, Technical Analysis

  • WTI Crude oil, Tuesday forecast, November 26
    Downtrend
    The downtrend may be expected to continue, while pair is trading below resistance level 58.16, which will be followed by reaching support level 57.45 and if it keeps on moving down below 57.21, we may expect the pair to reach support level 56.60.
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 58.16, which will be followed by moving up to resistance level 58.74 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 59.20.

    Weekly forecast, November 25 – 29
    Sideways trend
    The pair is trading along an sideways trend between support 57.37 and resistance 58.74.
    Downtrend

    An downtrend will start as soon, as the pair drops below support level 57.37, which will be followed by moving down to support level 56.60 and 54.90.
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 58.74, which will be followed by moving up to resistance level 60.20.

    Monthly forecast, November – December
    Downtrend
    The downtrend may be expected to continue, while pair is trading below resistance level 57.00, which will be followed by reaching support level 53.86 – 52.79 and if it keeps on moving down below that level, we may expect the pair to reach support level 50.52.
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 57.00, which will be followed by moving up to resistance level 60.20.

Training Course “Strategist” trading system

Trading signals based on forecast

FREE FORECASTS SUBSCRIPTION