Weekly forecast (June 10 – 14, 2023)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 75,70, which will be followed by moving up to resistance level 78,62.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 75,70, which will be followed by reaching support level 72,72 and if it keeps on moving up above that level, we may expect the market to reach resistance level 70,20.

oil

Monthly forecast, June – July 2023

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 75,70, which will be followed by moving up to resistance level 82,24.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 75,70, which will be followed by reaching support level 72,72 and 66,96.

Chart

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.

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