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Crude oil price forecast update 17-04-2024
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Crude oil price forecast update 17-04-2024
Apr 17, 2024 4:07 AM

Trend Forecast for Crude Oil Price Expected Scenario upon Breaching 85.40$ Level Crude oil price shows weak trades since morning, settling around 85.00$ barrier. Waiting to breach 85.40$ to reinforce the expectations of continuing the bullish trend in the upcoming sessions. The next targets are located at 87.6$ followed by 89.30$. Expected Scenario in Case of Breaking 83.60$ The positive scenario will remain valid unless breaking 83.60$ and holding below it. Expected trading range for today: Between 83.60$ support and 86.70$ resistance

Trend forecast: Bullish

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