Thursday Forecast, April 16
Uptrend
An uptrend will start as from support level 19.77, as crude oil rises above resistance level 20.60, which will be followed by moving up to resistance level 22.03.
Downtrend
A downtrend will start as soon, as the WTI drops below support level 19.77, which will be followed by moving down to support level 19.27 and if it keeps on moving down below that level, we may expect the WTI to reach support level 18.00.
Weekly Forecast, April 13 - 17
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 23.54, which will be followed by reaching support level 19.27 or even 17.12.
Uptrend
An uptrend will start as soon, as WTI rises above resistance level 23.53, which will be followed by moving up to resistance level 26.14 or 29.00.
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 WTI rises above resistance level 26.05, which will be followed by moving up to resistance level 42.36.
DISCLAIMER: 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 securities. 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