Crude oil price gets a positive close – Forecast today - 26-04-2024
Economies.com
2024-04-26 03:58AM UTC
Crude Oil Price Analysis
Expected Scenario
The crude oil price ended with clear positivity, breaching $83.90 and closing above it, activating a positive scenario and initiating a bullish wave on the intraday and short-term basis. The main positive stations are targeted at $85.70 and $88.00.
We anticipate further rise in the upcoming sessions, with a note that breaking $83.90 would halt the bullish wave and prompt a return to the correctional bearish track.
Expected Trading Range
Between the support at $83.00 and the resistance at $85.90.
Trend Forecast: Bullish
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