Crude oil price forecast update 02-04-2024

Economies.com
2024-04-02 09:41AM UTC

Crude Oil Price Forecast

Crude oil price succeeded to achieve our first waited target at 85.00$, and trades with additional positivity to surpass this level and confirm the continuation of the bullish wave on the intraday and short-term basis, on its way to achieve new gains that reach 86.75$.

  • Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 83.56$ and holding with a daily close below it.

The expected trading range for today is between 84.00$ support and 86.50$ resistance

Trend Forecast

Bullish

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