Crude oil price forecast update 17-04-2024
Economies.com
2024-04-17 09:25AM UTC
Trend Forecast for Crude Oil Price
Expected Scenario upon Breaching 85.40$ Level
- Crude oil price shows weak trades since morning, settling around 85.00$ barrier.
- Waiting to breach 85.40$ to reinforce the expectations of continuing the bullish trend in the upcoming sessions.
- The next targets are located at 87.6$ followed by 89.30$.
Expected Scenario in Case of Breaking 83.60$
- The positive scenario will remain valid unless breaking 83.60$ and holding below it.
Expected trading range for today: Between 83.60$ support and 86.70$ resistance
Trend forecast: Bullish
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