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Crude oil prices break a key resistance - Analysis- 24-04-2026
Crude oil extended its gains during recent intraday trading, managing to break above the resistance level at $95.00, signaling positive technical momentum that reflects strong buying pressure and continued bullish control. This move comes as the price advances along a sharply angled short-term ascending trendline, highlighting the strength and continuity of the current trend in the near term.
The price is also supported by its stability above EMA50, which provides dynamic support and enhances the chances of extending gains. This aligns with continued positive signals from the relative strength indicators after they have eased from overbought conditions, supporting the likelihood of further upward movement in the near term.
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Silver price is under negative pressure - Analysis- 24-04-2026
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