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Crude oil price awaits more rise – Analysis - 04-03-2024
Crude oil price settles around 80.00$ barrier and keeps its stability above it, to support he chances of continuing the expected bullish trend on the intraday and short-term basis, organized inside the bullish channel that appears on the chart, noting that our next targets begin at 81.55 and extend to 82.70.
Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking the minor support 79.70 might force the price to achieve temporary decline to test key support areas that start at 78.70 and might reach 78.25 before any new attempt to rise.
The expected trading range for today is between 78.80 support and 81.80 resistance
The expected trend for today: Bullish
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MoreGold price achieves strong gains – Analysis - 04-03-2024
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