119
Crude Oil Price Analysis
Expected Scenario
Advertisements
The price of crude oil continues to show negative movement, approaching $81.84 and attempting to break below this level. This reinforces expectations for the continuation of a bearish trend in the upcoming sessions, influenced by a previously completed double top pattern. The next anticipated target for decline is around $80.08. The EMA50 indicator supports the continuation of this bearish wave, maintaining validity unless the price breaches $82.75 and holds above it.
Advertisements
Expected Trading Range
- Support: $80.30
- Resistance: $83.40
Trend Forecast: Bearish
