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Forecast update for crude oil -15-04-2026
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Forecast update for crude oil -15-04-2026
Apr 15, 2026 6:02 AM

Crude oil prices reinforced its cautious gains during their recent intraday movements, affected by the stability of the key support at $86.75 level, to complete its attempts of recovering its previous losses and offloading its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there, due to the effect of exiting minor bullish channels range on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery on the near-term basis.

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