WTI oil, will go to 57.25 after break up of 56.35

Anton Kolhanov Anton Kolhanov

WTI Crude oil, Thursday forecast, July 25

An uptrend will start as soon, as the pair rises above resistance level 56.35, which will be followed by moving up to resistance level 57.25.
An downtrend will start as soon, as the pair drops below support level 55.75, which will be followed by moving down to support level 55.32 and 54.82.

Crude oil weekly forecast, july 22 - 26

The uptrend may be expected to continue, while pair is trading above support level 56.00 - 54.80, which will be followed by reaching resistance level 60.25.
An downtrend will start as soon, as the pair drops below support level 54.80, which will be followed by moving down to support level 53.45 and 52.60.

Author

Anton Kolhanov

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

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