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Crude oil price forecast update 12-04-2024
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Crude oil price forecast update 12-04-2024
Apr 12, 2024 6:02 AM

Crude Oil Price Analysis Expected Scenario Crude oil price resumes its positive trading to move away from 86.00$ barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to visit 87.75$ followed by 89.05$ levels that represent our next main targets. The EMA50 keeps supporting the suggested bullish wave, reminding you that it is important to hold above 85.45$ to achieve the waited targets. Expected Trading Range Between 84.60$ support and 87.60$ resistance.

Trend Forecast: Bullish

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