Crude Oil Price Achieves Initial Target: Forecast for March 26, 2024

by Jennifer

Crude oil price resumes its positive trading trajectory, reaffirming expectations for a bullish trend. The next anticipated milestone is for the price to test $83.56. Upon reaching this level, the price will enter the bullish channel, strengthening expectations for further upward movement.

Additional gains are expected with target areas extending to $85.00.

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Key Support and Resistance Levels:

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– Support: $81.20
– Resistance: $84.20

Trend Forecast: Bullish

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