Crude oil price forecast update 03-04-2024
2024-04-03 09:59AM UTC

Crude Oil Price Analysis

Crude oil price shows sideways trades since morning, and begins the attempt to rise now to hint heading to resume the main bullish trend, keeping the positive scenario active for today, supported by the EMA50. It's important to note that our next target is located at 86.75$.

  • Holding above 85.05$ represents the first condition for the continuation of the expected rise. Breaking it might force the price to test the bullish channel’s support line around 83.56$ before any new positive attempt.

The expected trading range for today is between 84.30$ support and 87.20$ resistance.

Trend forecast: Bullish

Commodities News

Gold News


Gold surpasses $2400 for first time ever
2024-04-16 20:03PM UTC
Gold prices rallied on Tuesday and scaled fresh record highs on strong haven demand, as global ...
Oil News


Oil prices hover near two-week lows as markets expect little response from Israel to Iran's attacks
2024-04-16 13:17PM UTC
Global oil prices fell in American trade on Tuesday, approaching two-week lows as the US now ...
Gold News


Will gold prices scale $3000 an ounce in 2024?
2024-04-16 11:59AM UTC
Gold prices continued to move in a positive zone and approached the record highs scaled last week ...

Commodities Technical Analysis

Technical Analysis


Sugar price hits the target – Forecast today - 16-04-2024
2024-04-17 03:03AM UTC
Sugar Price Analysis Expected Scenario Sugar price succeeded to achieve our waited target ...
Brent oil Analysis


Brent oil price forecast update 16-04-2024
2024-04-16 09:52AM UTC
Brent Oil Price Forecast Brent oil price finds solid resistance at 90.90$, to show negative ...
Oil Analysis


Crude oil price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Crude Oil Price Forecast Crude oil price trades negatively to press on 85.45$ support line, ...