WTI Crude oil (CL), Futures market
Friday forecast, May 1
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 19.20, which will be followed by reaching resistance level 20.30.
Downtrend
An downtrend will start as soon, as the pair drops below support level 18.25, which will be followed by moving down to support level 16.55 and if it keeps on moving down below that level, we may expect the pair to reach support level 14.60.
Weekly forecast, April 27 – May 1
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 13.10, which will be followed by reaching resistance level 20.30.
Downtrend
An downtrend will start as soon, as the pair drops below support level 13.10, which will be followed by moving down to support level 10.65 and 6.48.
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
