WTI Crude oil, CL futures market Wednesday forecast, February 26
Downtrend
The downtrend may be expected to continue while market is trading below resistance level 49.60 or in case the market drops below support level 49.00, which will be followed by reaching support level 47.00.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 49.60, which will be followed by moving up to resistance level 50.50.
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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