Crude oil price forecast update 24-04-2024
Economies.com
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to build bearish wave in the upcoming sessions, noting that the continuation of the decline and breaking 82.90$ will push the price to achieve more bearish bias and visit 81.50$ as a next negative target.
Until now, our neutrality still valid until the price confirms breaking 82.90$ support or breaching 83.90$ resistance to detect the next destination clearly.
The expected trading range for today is between 82.00$ support and 85.30$ resistance
Trend forecast: Neutral
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