Crude Oil Forecast, Technical Analysis

  • WTI Crude oil, Thursday forecast, October 17
    The uptrend may be expected to continue, while pair is trading above support level 52.57, which will be followed by reaching resistance level 53.74 – 54.06.
    An downtrend will start as soon, as the pair drops below support level 52.30, which will be followed by moving down to support level 51.38.

    Weekly forecast, October 7 – 11
    The uptrend may be expected to continue, while pair is trading above support level 52.05, which will be followed by reaching resistance level 54.15 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 55.55.
    An downtrend will start as soon, as the pair drops below support level 52.05, which will be followed by moving down to support level 50.52.

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