Crude oil price is recovering – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:22AM UTC
Crude Oil Price Analysis
Expected Scenario
- The crude oil price bounced upwards strongly, canceling the negative pattern mentioned in previous reports.
- It aims to resume the main bullish trend.
Expected Outcome
The bullish bias is suggested, supported by the EMA50.
Note that breaking 86.05$ may stop the bullish wave and initiate new negative pressure.
Expected Trading Range
Between 85.20$ support and 88.25$ resistance.
Trend Forecast: Bullish
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