Crude Oil (CL)
TS Forecasts. Sergey IvanovSpectrum.
Weekly. Stay bullish till Apr 2021. After a short-run cutback the increase will continue.
Daily. Stay bearish this week till the end of Aug.
Annual cycle analysis.
Contradicted signal from seasonal and fast annual curves. Make decisions applying other modules yet. Yet, in a week we'll have clear bullish signal.
Turning points analysis.
Price may find support at 40.35-40.75 for bullish pounce in Sept..
ZZ structure.
L-1. Crucial level is 34.36. The ZZ is bullish.
L-2. Crucial level for bullish blue ZZ sequence is 38.72.
L-3. Green ZZ status is still in process since price doesn't reach crucial or confirmation levels.