Crude oil price forecast update 11-06-2024

Economies.com
2024-06-11 09:21AM UTC

Crude Oil Price Analysis

Expected Scenario

  • Crude oil price settles at 77.64$, and we still neutral until the price confirms its situation according to the mentioned level to detect its next destination clearly, as it faces contradiction between the technical factors.
  • We remind you that breaching the mentioned level will push the price to achieve new gains that reach 79.55$, while breaking it will put the price under negative pressure that its next main target reaches 75.25$.

Expected Trading Range

Between 76.00$ support and 79.40$ resistance.

Trend Forecast: Neutral

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