Crude Oil Price Forecast: Bearish Correction Nears Completion
Support Cluster A critical support zone sits immediately below current levels, defined by the 61.8% Fibonacci retracement at…
Crude Oil Price Forecast: Bearish Momentum May Test April Lows
Support Failures and Extension Risks The recent 88.6% Fibonacci retracement at $58.39 crumbled today, alongside the lower boundary…
Crude Oil Price Forecast: Bearish Momentum Gains Traction
Momentum Shifts Toward Deeper Declines Today’s action carved out another lower swing high, signaling potential acceleration in bearish…
Crude Oil Price Forecast: Holds Wedge Breakout as 50-Day Test Looms
Triple Breakout Raises Prospects Tuesday’s advance triggered a triple breakout: crude rose above the 20-Day moving average, cleared…
Crude Oil Price Forecast: Extends Bullish Reversal, Buyers Push Toward Key Resistance
Fibonacci Support and Breakout Signal Yesterday’s decline completed a 61.8% Fibonacci retracement of the recent upswing, helping stabilize…
Crude Oil Price Forecast: Retreats From $65.77 High as Resistance Holds
Key Support and Moving Averages Support on Tuesday appeared near the 10-Day moving average, now at $63.79. This…
Crude Oil Price Forecast: Consolidates as Bears Press Key $62 Support
Support and Downside Targets The recent swing low of $62.19, recorded last Wednesday, marks critical near-term support. A…
Crude Oil Price Forecast: Eyes Counter-Trend Rally as Bulls Target Key Resistance Zones
Resistance from Prior Price Zones and Key Averages The short-term path higher is challenged by a resistance band…
Crude Oil Price Forecast: Breakdown Deepens as Key Support Fails
Bearish Weekly Structure Signals Further Downside Risk The 61.8% Fibonacci level at $64.46 had been acting as initial…
Crude Oil Price Forecast: Weakens After Weekly Reversal Triggers
Weekly Breakdown Triggers A potential bearish scenario includes a breakdown from the weekly shooting star triggered today with…
Crude Oil Price Forecast: Rests Against Resistance
Five-Week High Breakout Earlier in the week crude oil triggered a bull breakout to a five-week high of…
Crude Oil Price Forecast: Rebounds Sharply, Eyes $71.84 Target Zone
Short-term Target Reached Nonetheless, today’s high of $70.60 was a successful test of resistance around a prior support…