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

Commodities News

Palladium News

Commodities

Palladium regains footing but remains below $1000
2024-05-10 14:55PM UTC
Palladium prices rose on Friday even as the dollar inched higher against major rivals, however, the ...
Silver News

Commodities

Silver prices rush to three-week highs as US yields taper off
2024-05-10 11:46AM UTC
Silver prices rose in European trade on Friday on track for the third straight profit, scaling a ...
Gold News

Commodities

Gold reverses higher as dollar dips after weak data
2024-05-09 19:44PM UTC
Gold prices rose on Thursday as the dollar index declined against most major rivals following ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 10-05-2024
2024-05-10 17:33PM UTC
Crude oil price trades with strong negativity to approach our waited target at 77.64$, to support ...
Brent oil Analysis

Commodities

Brent oil price forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios Brent oil price trades negatively now in attempt to resume the ...
Oil Analysis

Commodities

Crude oil price forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios Crude oil price shows negative trades to attempt to return below ...