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Crude oil price forecast update 30-10-2024
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Crude oil price forecast update 30-10-2024
Oct 30, 2024 4:03 AM

Crude oil price traded positively to test the key resistance 68.65$, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend valid and active for today, as breaching it will lead the price to turn to rise on the intraday basis, while the main targets of the expected bearish wave are located at 67.00$ and extend to 65.50$.

The expected trading range for today is between 66.00$ support and 69.00$ resistance

Trend forecast: Bearish

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