Crude oil price reaches the target – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:46AM UTC
Crude Oil Price Analysis
Expected Scenario: Bullish Trend
- Crude oil price succeeded in reaching the $83.56 level.
- Market reopening is awaited to resume the bullish wave on the intraday and short-term basis.
- Breaching the $83.56 level is crucial for targeting $85.00 as the next main objective.
- We anticipate the continuation of the bullish trend, supported by the EMA50.
- Consolidation above $83.56 against positive attempts may trigger bearish rebounds, targeting $82.25 areas.
Expected Trading Range for Today
- Support: $82.20
- Resistance: $85.00
Trend Forecast: Bullish
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