Crude oil price hits the first target – Forecast today - 26-03-2024

Economies.com
2024-03-26 02:16AM UTC

Crude Oil Price Analysis

  • Crude oil price resumes positive trading, reinforcing expectations for a bullish trend.
  • Waiting for the price to test 83.56$ as the next station.
  • Reaching 83.56$ will put the price within the bullish channel, reinforcing expectations for further rise.
  • Expected target areas for additional gains include 85.00$.

Support and Resistance Levels:

  • Support: 81.20$
  • Resistance: 84.20$

Trend Forecast: Bullish

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