(Anton Kolhanov)
Will crude oil reach the 95.05 level?
Wednesday forecast (September 31, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 91.08, which will be followed by reaching resistance level 95.05.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 91.08, which will be followed by moving down to support level 85.40.
Weekly forecast (August 29 – September 2, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 96.57, which will be followed by moving up to resistance level 101.88.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 96.57, which will be followed by reaching support level 85.40.
Previous week forecast
Monthly forecast, August 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 101.53, which will be followed by moving up to resistance level 114.05.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 92.93, which will be followed by moving down to support level 85.41 and 76.98.
Gold: An uptrend will start as soon as the market rises above the 1740 level
Wednesday forecast (September 31, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1740, which will be followed by moving up to resistance level 1758.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1740, which will be followed by reaching support level 1714.5.
Weekly forecast (August 29 – September 2, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1778.8, which will be followed by moving up to resistance level 1808 – 1826.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1778.8, which will be followed by reaching support level 1696.
Previous week forecast
Monthly forecast, August 2022
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1786, which will be followed by reaching resistance level 1876.
Downtrend scenario
An downtrend will start from resistance 1786, which will be followed by moving down to support level 1676 and if it keeps on moving down below that level, we may expect the market to reach support level 1557.
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