WTI crude oil: Uptrend will continue if it trades above 39.68
|WTI Crude oil (CL), Futures market
Wednesday forecast, July 1
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 39.68, which will be followed by reaching resistance level 40.60 - 41.05.
Downtrend
An downtrend will start as soon, as the pair drops below support level 39.68, which will be followed by moving down to support level 38.85.
Weekly forecast, June 29 - July 3
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 39.35, which will be followed by moving up to resistance level 31.05 - 42.30.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 39.35, which will be followed by reaching support level 37.09 and if it keeps on moving down below that level, we may expect the pair to reach support level 34.35.
Monthly forecast, July 2020
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 41.05, which will be followed by moving up to resistance level 50.50.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 41.05, which will be followed by reaching support level 34.35 and if it keeps on moving down below that level, we may expect the pair to reach support level 26.00 - 21.42.
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