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Crude oil price forecast update 09-04-2024
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Crude oil price forecast update 09-04-2024
Apr 9, 2024 4:00 AM

Crude Oil Price Analysis Expected Scenario Crude oil price provides new positive trades to attempt to surpass 87.00$ barrier, to support the continuation of the expected bullish trend on the intraday and short-term basis, reminding you that we are waiting to visit 88.25$ followed by 89.40$ levels as next main stations.

Holding above 85.50$ is important to the continuation of the suggested rise, as breaking it will put the price under negative pressure that its next main target reaches 83.05$ before any new positive attempt.

Expected Trading Range Between 85.50$ support and 88.60$ resistance.

Trend Forecast: Bullish

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