Crude Oil Price Analysis
Expected Scenario
- Crude oil price trades with clear positivity to attack 79.6$ level and attempts to hold above it.
- Urges caution from the upcoming trading, as confirming the breach will stop the correctional bearish scenario and push the price to recover and visit 81.50$ initially.
- The technical indicators continue to provide the negative signals that support the chances of resuming the expected decline.
- Its next main target reaches 77.64$.
Expected Trading Range
Between 77.60$ support and 80.70$ resistance.
Trend Forecast: Bearish