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Crude oil price forecast update 28-05-2024
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Crude oil price forecast update 28-05-2024
May 28, 2024 3:48 AM

Crude Oil Price Analysis Expected Scenario Crude oil price settles around the 79.00$ barrier, waiting to get a positive motive that assists in pushing the price to resume positive trades and test the 79.6$ level initially. Breaching it will push the price towards 81.50$ as the next target. Therefore, we will continue to suggest the bullish trend for today unless breaking 77.64$ and holding with a daily close below it. Expected Trading Range The expected trading range for today is between 78.00$ support and 81.00$ resistance.

Trend Forecast: Bullish

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