Where's crude oil heading to?
|Weekly forecast (October 17 – 21, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 89.73, which will be followed by moving up to resistance level 92.93 and if it keeps on moving up above that level, we may expect the market to reach resistance level 97.66.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 85.55, which will be followed by reaching support level 81.20 and 76.25.
Previous week forecast
Monthly forecast, October 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 97,66, which will be followed by moving up to resistance level 107,86.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 92.10 – 97,66, which will be followed by reaching support level 76,10 and if it keeps on moving down below that level, we may expect the market to reach support level 65,65.
Previous week forecast
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