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Forecast update for crude oil -16-03-2026
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Forecast update for crude oil -16-03-2026
Mar 16, 2026 6:42 AM

The price of (crude oil) declined in its last intraday trading, affected by the stability of the main psychological resistance level at $100.00, with the emergence of negative signals from the relative strength indicators after reaching overbought levels, attempting to offload this overbought condition and gaining bullish momentum might help it to breach this resistance, taking advantage of the main bullish trend dominance on the short term basis, and its trading alongside supportive trend line for this path.

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