Crude Oil Monthly Forecast, January 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 or from resistance 83, or as soon, as the market drops below support level 76.70, which will be followed by moving down to support level 72 – 70.
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 or from resistance 83, or as soon, as the market drops below support level 76.70, which will be followed by moving down to support level 72 – 70.