Last week WTI crude oil prices attempted to break our weekly resistance at 48.20$ but it could not and retraced back from there , crude oil finally closed below 45$ but intacting its positive trend for now , once oil prices click our weekly technical oil resistance at 48.20$ and close above this price then expect crude oil prices to explode upto 50$ – 52.30$
If crude oil price click our weekly technical oil support at 42.70$ and close below our oil support then expect crude oil prices to correct upto 40.30$ – 38.10$ and even more
Crude oil price projection weekly conclusion : Crude oil trend is still intact and its still in positive zone
More will update during live market hours