financetom
Technology
financetom
/
Technology
/
Crude oil price forecast update 24-05-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Crude oil price forecast update 24-05-2024
May 24, 2024 3:43 AM

Crude Oil Price Analysis Expected Scenario Crude oil price settles around 77.00$ barrier, waiting to get new negative motive that assist to push the price to resume the expected bearish wave for today, which targets 75.24$ as a next station, noting that the EMA50 continues to support the expected decline, which will remain valid unless breaching 77.64$ and holding above it. Expected Trading Range Between 75.60$ support and 78.60$ resistance.

Trend Forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Microchip Expands Security Services in the Trust Platform to Help Manufacturers Meet Cybersecurity Regulations
Microchip Expands Security Services in the Trust Platform to Help Manufacturers Meet Cybersecurity Regulations
Mar 11, 2026
CHANDLER, Ariz., March 10, 2026 (GLOBE NEWSWIRE) -- As cybersecurity regulations tighten worldwide, product manufacturers must embed security from the outset to meet compliance. To help developers address emerging requirements such as the EU Cyber Resilience Act (CRA), industrial and automotive cybersecurity standards, Microchip Technology  has expanded its Trust Platform with the TA101 TrustFLEX secure authentication integrated circuit (IC) and...
Back to the 1970s? Investors brace for return of stagflation
Back to the 1970s? Investors brace for return of stagflation
Mar 11, 2026
LONDON, March 10 (Reuters) - Investors are preparing for the possibility that war in the Middle East could spark a stagflationary shock reminiscent of 50 years ago, when disrupted global energy supplies sent inflation soaring and battered growth. The risk of a 1970s scenario is rising, RBC BlueBay Asset Management portfolio manager Kaspar Hense said on Monday, after oil topped...
Simpro Group Appoints New Chief Human Resources Officer
Simpro Group Appoints New Chief Human Resources Officer
Mar 11, 2026
Beth Erickson, a seasoned global HR leader, joins to build high-performance teams that drive innovation and accelerate global growth MIAMI--(BUSINESS WIRE)-- Simpro Group, the global leader in AI-first operating software for the trades, today announced the appointment of Beth Erickson as Chief Human Resources Officer (CHRO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260310686091/en/ In this...
Ciena Solidifies AI Networking Leadership, Unveils New Innovations for High-Speed Connectivity
Ciena Solidifies AI Networking Leadership, Unveils New Innovations for High-Speed Connectivity
Mar 11, 2026
New developments in hyper-rail photonics, 1600ZR/ZR+ pluggables, full-spectrum coherent transponders and network automation Recent introduction of Vesta 200 6.4T CPX optical engine from Nubis acquisition Continuous innovation in highly dense, high-capacity optical solutions address AI demands of hyperscale and service provider networks HANOVER, Md.--(BUSINESS WIRE)-- Ciena continues to strengthen its leadership in shaping the future of networking with new innovations...
Copyright 2023-2026 - www.financetom.com All Rights Reserved