Crude oil price forecast update 26-04-2024
Economies.com
2024-04-26 11:01AM UTC
Crude Oil Price Analysis
Expected Scenario
- Crude oil price keeps its stability above 83.90$ level, keeping the bullish trend scenario valid and active for today.
- Supported by moving above the EMA50, waiting to visit 85.70$ followed by 88.00$ levels as next main targets.
- Breaking 83.90$ will put the price under the correctional bearish pressure again, to head towards targeting 81.50$ areas on the near-term basis.
Expected Trading Range
Between 83.00$ support and 85.90$ resistance.
Trend Forecast: Bullish
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