Crude Oil Price Forecast: Reversal Signals Challenge Key Resistance
FX Empire·2026-01-09 05:58
Strong Daily Candle Signals Improving Short-Term DemandA wide range green candle is set to complete today, reflecting strong short-term demand but within a four-week price range. If crude oil can end the day above the closing price from December 3 at $58.61, it may have a better chance for higher prices in the near-term. That closing was the highest in 19 days and a daily close above it would further suggest that the buyers are starting to exert control over the price of crude and support the likelihood of ...