Crude oil price forecast update 25-04-2024
Economies.com
2024-04-25 09:42AM UTC
Crude Oil Price Analysis
Expected Scenario
- Crude oil price trades positively to approach the key resistance 83.90$, which represents one of the trend keys besides 82.90$ support.
- We keep our neutrality valid until the price breaches one of these levels followed by detecting the next targets clearly.
We remind you that breaking the mentioned support will push the price to visit 81.50$ as a next negative target, while breaching the resistance represents the key to resume the main bullish trend to target 85.40$ areas initially.
Expected Trading Range
Between 81.60$ support and 85.00$ resistance.
Trend Forecast: Neutral
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