The market is trading along an uptrend with target on 1.2530, that may be expected to continue, while market is trading above support level 1.2450.
An downtrend will start as soon, as the market drops below support level 1.2450, which will be followed by a move down to support level 1.2378.
The uptrend may be expected to continue in case the market rises above resistance level 1358, which will be followed by reaching resistance level 1365.
An downtrend will start as soon, as the market drops below support level 1350, which will be followed by a move down to support level 1339.
US CRUDE OIL
The uptrend may be expected to continue in case the market rises above resistance level 61.50, which will be followed by reaching resistance level 63.40.
An downtrend will start as soon, as the market drops below support level 60.90, which will be followed by a move down to support level 60.00.
NATURAL GAS
An uptrend will start as soon as the market rises above resistance level 2.670, which will be followed by a move up to resistance level 2.750 and 2.820.
An downtrend will start as soon, as the market drops below support level 2.580, which will be followed by a move down to support level 2.500.
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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