Crude oil price forecast update 24-05-2024
Economies.com
2024-05-24 09:12AM UTC
Crude Oil Price Analysis
Expected Scenario
- Crude oil price settles around 77.00$ barrier, waiting to get new negative motive that assist to push the price to resume the expected bearish wave for today, which targets 75.24$ as a next station, noting that the EMA50 continues to support the expected decline, which will remain valid unless breaching 77.64$ and holding above it.
Expected Trading Range
Between 75.60$ support and 78.60$ resistance.
Trend Forecast: Bearish
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