Crude oil price is recovering – Forecast today - 23-04-2024
Economies.com
2024-04-23 03:53AM UTC
Crude Oil Price Analysis
Expected Scenario
- Crude oil price maintains a bullish bias, moving further away from the 81.50$ level, indicating potential intraday gains and targeting a visit to 83.90$ as the next main target.
- Expectations lean towards a continuation of the bullish bias in the upcoming sessions. Breaching 82.80$ will facilitate achieving the suggested target. However, breaking below 81.50$ will halt the bullish trend and prompt the price to incur new losses, with the next correctional level around 79.60$.
Expected Trading Range
Between the support at 81.30$ and the resistance at 84.30$
Trend Forecast: Bullish
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