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Crude oil price forecast update 05-04-2024
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Crude oil price forecast update 05-04-2024
Apr 5, 2024 5:57 AM

Crude Oil Price Analysis Expected Scenario Crude oil price shows sideways trades since morning. Settling near the 87.00$ level, waiting to gather positive momentum to resume the main bullish trend. Targeting 89.40$ areas as a next main station. Expected Outcome The EMA50 continues to support the expected bullish wave.

Holding above 86.00$ is important as a first condition for the continuation of the expected rise.

Expected Trading Range Between 86.00$ support and 89.00$ resistance.

Trend Forecast: Bullish

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