financetom
Technology
financetom
/
Technology
/
Crude oil price forecast update 29-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Crude oil price forecast update 29-04-2024
Apr 29, 2024 4:24 AM

Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key resistance at $83.90, warranting caution in upcoming trading activities. Remaining below this level is crucial for the continuation of the correctional bearish scenario, with main targets around $81.50. A breach of the mentioned resistance would initiate a new bullish wave, targeting gains starting from $86.25. Expected Trading Range: The anticipated trading range for today is between $81.70 (support) and $84.60 (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 >
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Blackstones tock price (BX) fell in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals out of them, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, thus leaning on the support of the 50-day...
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Didi Globals stock (DIDIY) returned higher in the intraday levels, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend, coupled with positive signals from the RSI after reaching oversold levels. Therefore we expect more gains for the stock, targeting the pivotal resistance of $5.16, provided the support of $4.38 holds on. Trend forecast: Bullish...
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Baker Hughes Companys stock price (BKR) skidded in the intraday levels, amid the dominance of the downward correctional trend in the medium term, while exposed to negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. Therefore we expect more losses for the stock, targeting the support of $30.00, provided the current support...
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Dicks Sporting Goods stock price (DKS) kept falling in the intraday levels, confirming the breach of the important support of $192.23, and after previously piercing the main upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. Therefore we expect more losses for the stock,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved