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Crude oil price breaches the resistance – Forecast today - 28-05-2024
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Crude oil price breaches the resistance – Forecast today - 28-05-2024
May 27, 2024 9:48 PM

Crude Oil Price Analysis Expected Scenario The crude oil price trades positively in the previous sessions, confirming the breach of 77.64$ to approach the 79.60$ level. The path seems open for further rise, targeting additional gains up to 81.50$ after surpassing the previous level. Expectations lean towards more bullish bias in the upcoming sessions, supported by the EMA50, but consolidating against the current bullish wave at 79.60$ may trigger a bearish rebound towards 77.64$ initially. Expected Trading Range Between 78.00$ support and 81.00$ resistance.

Trend Forecast: Bullish

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