WTI crude oil, uptrend continuation to 56.35 while market trading above 54.90

WTI Crude oil, Friday forecast, August 16
The uptrend may be expected to continue, while pair is trading above support level 54.90, which will be followed by reaching resistance level 56.35.
An downtrend will start as soon, as the pair drops below support level 54.90, which will be followed by moving down to support level 54.44 and if it keeps on moving down below that level, we may expect the pair to reach support level 53.77.

Weekly forecast, August 12 - 16
The uptrend may be expected to continue, while pair is trading above support level 52.60, which will be followed by reaching resistance level 56.20.
An downtrend will start as soon, as the pair drops below support level 52.60, which will be followed by moving down to support level 50.63.