Crude oil price gets a positive close – Forecast today - 26-04-2024

Crude Oil Price Analysis

Expected Scenario

The crude oil price ended with clear positivity, breaching $83.90 and closing above it, activating a positive scenario and initiating a bullish wave on the intraday and short-term basis. The main positive stations are targeted at $85.70 and $88.00.

We anticipate further rise in the upcoming sessions, with a note that breaking $83.90 would halt the bullish wave and prompt a return to the correctional bearish track.

Expected Trading Range

Between the support at $83.00 and the resistance at $85.90.