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Crude oil price forecast update 09-05-2024
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Crude oil price forecast update 09-05-2024
May 9, 2024 3:31 AM

Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear positivity to attack 79.6$ level and attempts to hold above it. Urges caution from the upcoming trading, as confirming the breach will stop the correctional bearish scenario and push the price to recover and visit 81.50$ initially. The technical indicators continue to provide the negative signals that support the chances of resuming the expected decline. Its next main target reaches 77.64$. Expected Trading Range Between 77.60$ support and 80.70$ resistance.

Trend Forecast: Bearish

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