Crude Oil Weekly Forecast (January 3 – 5, 2023)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 76.70, which will be followed by reaching resistance level 83.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 76.70, which will be followed by moving down to support level 73.40.
The uptrend may be expected to continue, while market is trading above support level 76.70, which will be followed by reaching resistance level 83.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 76.70, which will be followed by moving down to support level 73.40.