Last week crude oil prices were pretty stabilize and it traded in a small range and tested almost 49$ but failed to sustain above our weekly resistance which comes at 49.20$ so once again weekly resistance remain same , once market chase this and close above this weekly resistance then expect oil prices to fire upto 51$ – 53.20$ and even more
If crude oil fails to chase resistance and click our weekly support of 43.20$ and close below our weekly support then expect crude oil prices to correct once again upto 41$ – 39.80$
Crude oil price forecast conclusion : Crude oil trend is in positive zone for now but keep an eye on support level as well
More will update during live market hours if required