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.
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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