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Crude oil price forecast update 18-06-2024
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Crude oil price forecast update 18-06-2024
Jun 18, 2024 4:05 AM

Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support base 79.55$, and as we mentioned this morning, the price needs to hold above this level to guarantee the continuation of the expected bullish wave for today, which targets 81.50$ as a next station. Therefore, the positive scenario will remain active until now, noting that breaking 79.55$ and holding below it will put the price under negative pressure that targets 78.25$ followed by 77.65$ areas mainly. Expected Trading Range Between 78.80$ support and 81.70$ resistance.

Trend Forecast: Bullish

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