WTI Forecast : Uptrend To 52.70
Anton Kolhanov | Jun 10, 2016 05:17AM ET
Main scenario:
WTI is trading along an uptrend with target on 52.70, that may be expected to continue, while pair is trading above support level 50.76.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 50.76, which will be followed by moving down to support level 49.50.
Main scenario:
Oil is trading along an sideways trend between support 48.00 and resistance 50.00, from that we can expect correction to support 48.00.
An 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:
The uptrend may be expected to continue in case the market rises above resistance level 50.00, which will be followed by reaching resistance level 52.70.
previous forecast:
/h2
Main scenario:
The pair is trading along an sideways trend between support 48.00 and resistance 50.00.
The uptrend may be expected to continue in case the market rises above resistance level 50.00, which will be followed by reaching resistance level 52.70 and 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 and 41.00.
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previous forecast:
Main scenario:
Oil is trading along an downtrend with target on 28.00 - 24.00, that may be expected to continue, while pair is trading below resistance level 40.00.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 40.00, which will be followed by moving up to resistance level 48.00.
Main scenario:
Oil is trading along an 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.
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