WTI Crude Oil May Continue Downtrend To 22.80
WEDNESDAY FORECAST, MARCH 18
Downtrend
The downtrend may be expected to continue while crude is trading below resistance level 26.14, which could be followed by reaching support level 22.80.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 26.14, which will be followed by moving up to resistance level 27.33.
WEEKLY FORECAST, MARCH 16 - 20
Downtrend
The downtrend may be expected to continue while crude is trading below resistance level 30.00, which will be followed by reaching support level 27.56 and 26.15.
Uptrend
An uptrend will start as soon as crude rises above resistance level 30.00, which will be followed by moving up to resistance level 34.85 - 36.34.
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