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WTI crude oil, will start uptrend to 59.25 after break up of 57.05

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Thursday forecast, July 18
The pair is trading along an sideways trend between support 56.05 and resistance 57.07.
The downtrend may be expected to continue in case the market drops below support level 56.05, which will be followed by reaching support level 54.82.
An uptrend will start as soon, as the pair rises above resistance level 57.07, which will be followed by moving up to resistance level 57.95 and then 59.25.

Crude oil weekly forecast, july 15 - 19
The pair is trading along an uptrend with target on 61,45, 63,10 and may be expected to continue, while pair is trading above support level 59,25.
An downtrend will start as soon, as the pair drops below support level 59,25, which will be followed by moving down to support level 57,50.

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About the author

Anton started to study FOREX market in 2003. Since 2007, started to offer analytical forecasts for the major currency pairs and for gold prices in order to better understand the market and to assist to traders to identify the main key market levels. From 2014 started trading on futures market.

His current trading instruments in currency and commodity markets: eurusd, gold, wti crude oil, brent crude oil, natural gas, s&p500, dow jones, dax, soybeans

Anton graduate economist, graduated from university with degree in Banking.

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