Crude oil price forecast update 12-04-2024
Economies.com
2024-04-12 10:55AM UTC
Crude Oil Price Analysis
Expected Scenario
- Crude oil price resumes its positive trading to move away from 86.00$ barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to visit 87.75$ followed by 89.05$ levels that represent our next main targets.
- The EMA50 keeps supporting the suggested bullish wave, reminding you that it is important to hold above 85.45$ to achieve the waited targets.
Expected Trading Range
Between 84.60$ support and 87.60$ resistance.
Trend Forecast: Bullish
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