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End of day crude oil price forecast update - 09-04-2024
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End of day crude oil price forecast update - 09-04-2024
Apr 9, 2024 8:25 AM

Crude oil price bounced bearishly after failing to surpass 87.00$ barrier, to form double top pattern that might force the price to decline and visit the bullish channel’s support line around 83.05$ in the upcoming sessions, making the bearish bias suggested on the intraday basis, taking into consideration that the consolidation of 85.25$ level against the current negative pressure will stop the expected decline and lead the price to rise again.

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