WTI Forecast: Uptrend To 50.00
Anton Kolhanov | Jul 05, 2016 05:33AM ET
WTI Main scenario:
The pair is trading along an uptrend with target on 50.00, from that we can expect start of downtrend to support 48.00. The uptrend may be expected to continue in case the market rises above resistance level 50.50, which will be followed by reaching resistance level 51.60.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 48.00, which will be followed by moving down to support level 46.00.
Previous forecast:
Main scenario:
The pair is trading along a sideways trend between support 48.00 and resistance 50.50, from that we can expect correction to support 46.00.
A downtrend will start as soon, as the pair drops below support level 48.00, which will be followed by moving down to support level 46.00
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 50.50, which will be followed by moving up to resistance level 53.00.
previous forecast:
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Main scenario:
The pair is trading along a sideways trend between support 46.00 and resistance 50.50.
The uptrend may be expected to continue in case the market rises above resistance level 50.50, which will be followed by reaching resistance level 60.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 46.00, which will be followed by moving down to support level 41.00.
previous forecast:
Main scenario:
The pair is trading along an uptrend, that may be expected to continue in case the market rises above resistance level 50.50, which will be followed by reaching resistance level 60.00.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 46.00, which will be followed by moving down to support level 41.00 and then 34.00.
Previous forecast:
Main scenario:
The pair is trading along a downtrend with target on 28.00 - 24.00, that may be expected to continue, while pair is trading below resistance level 48.00
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 48.00, which will be followed by moving up to resistance level 60.00 and then to 75.00.
by Anton Kolhanov
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