Crude Oil: Break Down Of 45.75 Will Open Target On 44.15
Anton Kolhanov | Sep 23, 2016 03:33AM ET
Daily forecast, 23.09.16: break down of 45.75 will open target on 44.15
h3 Main Scenario/h3
Crude oil is trading along a sideways trend between support 45.75 and resistance 46.45.
The uptrend may be expected to continue in case the market rises above resistance level 46.45, which will be followed by reaching resistance level 47.30 and then to 48.20.
An downtrend will start as soon, as oil drops below support level 45.75, which will be followed by a move down to support level 45.00 and then to 44.15.
Oil is trading along an sideways trend between support 43.50 and resistane 44.45.
The downtrend may be expected to continue in case the market drops below support level 43.50, which will be followed by reaching support level 41.10.
h3 Alternative Scenario/h3An uptrend will start as soon, as oil rises above resistance level 44.45, which will be followed by moving up to resistance level 45.70 and 47.30.
/h2 h3 Main Scenario/h3
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Oil is trading in uptrend, but will rebound from main resistance level 49.50, from that we can expect start of downtrend with target on 41.30.
h3 Alternative Scenario/h3The uptrend may be expected to continue in case the market rises above resistance level 49.50, which will be followed by reaching resistance level 53.00.
h3 Previous Forecast
Oil 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.
h3 Alternative Scenario/h3An downtrend will start as soon, as oil drops below support level 46.00, which will be followed by moving down to support level 41.00 and then 34.00.
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
h3 Alternative Scenario/h3An uptrend will start as soon, as oil 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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