WTI Crude oil (CL), Futures market
Tuesday forecast, May 12
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 25.45, which will be followed by reaching resistance level 26.54.
Downtrend
An downtrend will start as soon, as the pair drops below support level 25.45, which will be followed by moving down to support level 24.38.
Weekly forecast, May 11 – 15
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 29.10, which will be followed by moving up to resistance level 33.40.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 29.10, which will be followed by reaching support level 20.30.
Monthly forecast, May 2020
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 20.48, which will be followed by reaching resistance level 22.75 and 26.15.
Downtrend
An downtrend will start as soon, as the pair drops below support level 16.90, which will be followed by moving down to support level 11.00.
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
