End of day crude oil price forecast update - 28-03-2024

Economies.com
2024-03-28 17:43PM UTC

Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, and we expect the continuation of the rise to surpass this level and extend the bullish wave to reach 85.00$ areas on the near-term basis, supported by the EMA50, noting that breaking 82.40$ will stop the bullish rally and push the price to achieve some bearish correction before turning back to rise again.

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