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Forecast update for crude oil -31-03-2026
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Forecast update for crude oil -31-03-2026
Mar 31, 2026 7:45 AM

Crude oil rose during recent intraday trading, supported by its stability above the key support level at $100.00. The price continues to trade above its EMA50, reinforcing the stability and dominance of the main short-term uptrend.

In the background, a positive crossover is beginning to appear on the relative strength indicators after reaching deeply oversold levels, suggesting the formation of a potential bullish divergence that could support further gains in the near term.

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