WTI Crude Oil will begin its trading this coming week in the middle of its lower range as speculators wonder about recent price weakness: Forex Trading Forecast Profit
went into the weekend near a value of 74.59, which was a stronger close than the previous Friday when the commodity was around 71.67 at the end of the day.
This level should be interesting to current-day traders because the technical range via chart considerations looks like a price of 70.00 to 81.00 may be the wide support and resistance levels when trying to perceive potential moves in the coming week. Economic data globally shows that recessionary pressures are strong in many nations and this is certainly causing demand to weaken. However, there are interesting aspects to consider for speculative buyers, because WTI Crude Oil appears rather close to support levels too.
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