1024 && window.pageYOffset>295){scrollFromTop=true;} else if(window.screen.width<=1024 && window.pageYOffset>0){scrollFromTop=true;} else {scrollFromTop=false;}"
>
-
2433.475
23.664%
-
79.705
1.985%
-
1.0864
1.6147%
-
5315.17
0.12%
-
39851.34
0.33%
-
18691.57
0.65%
Crude oil price forecast update 10-05-2024
Economies.com
2024-05-10 10:26AM UTC
Expected Trading Scenarios
- Crude oil price shows negative trades to attempt to return below 79.60$ level.
- This reinforces the expectations of continuing the bearish bias for today.
- The bias is supported by RSI negativity, waiting to open the way to rally towards 77.64$ as a next main target.
- Moving below the EMA50 supports the suggested bearish wave.
- This wave will remain valid unless breaching 79.80$ and holding above it.
Expected Trading Range
- Support: 78.00$
- Resistance: 81.00$
Trend Forecast: Bearish