Crude Oil Price Forecast Update – 4th December 2024

by Jennifer

Crude oil prices have remained relatively flat since the morning, continuing to fluctuate around the $70.00 mark. As a result, there are no changes to the expected bullish trend for today. The initial target is a breach of the $70.58 level, which would pave the way for a potential rise toward $72.15. For the upward movement to remain valid, the price needs to stay above the $69.55 level as a key support.

The expected trading range for today is between $68.80 support and $71.80 resistance.

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Trend Forecast: Bullish

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