WTI Crude oil weekly and quarterly forecast

Weekly forecast, August 10 - 14

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 38.50, which will be followed by reaching resistance level 42.30.

Downtrend

An downtrend will start as soon, as the pair drops below support level 38.50, which will be followed by moving down to support level 36.00.

Quarterly forecast, July - September 2020

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 41.05, which will be followed by moving up to resistance level 50.50.

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 41.05, which will be followed by reaching support level 34.35 and if it keeps on moving down below that level, we may expect the pair to reach support level 26.00 - 21.42.

Inventories

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