Crude Oil Is Likely To Move Down To The 73,03 Level

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An uptrend will start as soon, as the market rises above resistance level 76,80, which will be followed by moving up to resistance level 79,4 and if it keeps on moving up above that level, we may expect the market to reach resistance level 82,98, reports Fxstreet.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 76,80, which will be followed by reaching support level 73,03.

Monthly forecast, April 2023

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 83,04, which will be followed by moving up to resistance level 87,48.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 71,10, which will be followed by moving down to support level 64,36.

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Source: Fxstreet