Evening update for Crude oil price 24-03-2023

Economies.com
2 months ago

Crude oil price approached our second waited target at 66.20 and bounced upwards strongly to breach 68.10 and settles above it, to recover and attempt to achieve positive targets that we expect to reach 70.55 in the upcoming sessions, being aware that it is important to monitor the price according to the mentioned levels, as surpassing them will provide clearer signal for the next trend, noting that breaching 70.55 will lead the price to achieve new bullish correction that its next target reaches 72.50, while breaking 68.10 represents the key to return to the main bearish track again.

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