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Crude Oil Price Forecast: Above $61.78 Suggests Higher Prices
FX Empire·2025-11-05 05:56

Upside TargetsThe ABCD pattern provides an initial potential upside target above several key dynamic resistance indicators including two trendlines and the 50-day moving average. The top of the small range found resistance at a previous key support area marked by a horizontal line and now potential resistance, which gives credibility to the target zone. The 78.6% harmonic projection for the ABCD pattern points to $65.17. Together that target plus the 200-day line plus a price zone that has been both support ...