WTI Crude Oil, going down to 58.82 while trading below 60.24

Anton Kolhanov Anton Kolhanov

WTI Crude oil, Monday forecast, September 16

The downtrend may be expected to continue, while pair is trading below resistance level 60.24, which will be followed by reaching support level 58.82 - 58.05.
An uptrend will start as soon, as the pair rises above resistance level 60.24, which will be followed by moving up to resistance level 61.47 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 63.34.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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