Tuesday Forecast

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 52.40, which will be followed by reaching resistance level 53.50.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 52.40, which will be followed by moving down to support level 51.50.

Chart Crude oil

This/Next Week Forecast (January 11 – 15, 2021)

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 54.60, which will be followed by reaching resistance level 57.40.

Downtrend scenario

An downtrend will start from resistance levels 53.50 – 54.60, which will be followed by moving down to support level 48.30.

Chart Crude oil

Previous week forecast

Chart

Fundamental Analysis

Difference between supply and demand shows fair price between the levels $53.

Chart

Monthly Forecast, January 2021

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 43.00, which will be followed by reaching resistance level 53.50.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 43.00, which will be followed by moving down to support level 36.10 – 33.60.

Chart Crude oil

Previous month forecast

Chart

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 any trading instrument. 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.

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