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Crude oil price approaches the second target – Forecast today - 19-06-2024
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Crude oil price approaches the second target – Forecast today - 19-06-2024
Jun 18, 2024 10:06 PM

Crude Oil Price Analysis Expected Scenario Crude oil price resumes bullish rally towards 81.50$ target. Moving inside bullish channel, indicating potential for further gains. Targets: 82.25$ and 83.90$ as next main stations. Supporting Factors EMA50 provides support from below, reinforcing bullish trend expectations.

Price stability above 79.55$ crucial for maintaining bullish outlook.

Expected Trading Range for Today Between the support 80.00$ and the resistance 82.90$.

Trend Forecast: Bullish

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