WTI Crude oil (CL), Futures market
Monday forecast, June 22
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 40.17, which will be followed by moving up to resistance level 40.61.
Downtrend
An downtrend will start as soon, as the pair drops below support level 39.55, which will be followed by moving down to support level 39.06 and if it keeps on moving down below that level, we may expect the pair to reach support level 38.50.
Weekly forecast, June 22 – 26
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 40.60, which will be followed by reaching resistance level 41.65 – 42.30.
Downtrend
An downtrend will start as soon, as the pair drops below support level 39.06, which will be followed by moving down to support level 34.35.
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
