Crude oil price forecast update 30-04-2024
Economies.com
2024-04-30 09:24AM UTC
Crude Oil Price Analysis
Expected Scenario
- Crude oil price shows some bullish bias to head towards potential test to the key resistance 83.90$.
- As long as the price is below this level, our bearish overview will remain valid for today.
- Breaching this level will stop the correctional bearish scenario and lead the price to regain the main bullish trend again.
- The next target of the expected bearish wave is located at 81.50$.
Expected Trading Range
Between the support at 81.00$ and the resistance at 83.00$.
Trend Forecast: Bearish
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