WTI Crude oil may continue uptrend above 27.19 to 29.00
|WTI Crude oil (CL), Futures market Tuesday forecast, April 7
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 27.19, which will be followed by reaching resistance level 28.49 - 29.00.
Downtrend
A downtrend will start as soon, as the pair drops below support level 26.63, which will be followed by moving down to support level 25.92 and 25.28.
Weekly forecast, April 6 - 10
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 29.13 - 30.23, which will be followed by reaching support level 23.45 and if it keeps on moving down below that level, we may expect the pair to reach support level 19.27.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 30.23, which will be followed by moving up to resistance level 33.40.
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.