Crude Oil Price Forecast: Breakout Signals Bullish Continuation Setup
FX Empire·2026-04-29 05:12
Resistance Zones and Upside TargetsNear-term resistance is at Tuesday’s high and a rally above it points to the lower swing high at $105.99, while a recovery above that level will signal a bullish reversal of the recent decline. The next upside target above that swing high looks to be around the 78.6% Fibonacci retracement at $110.51. Given the recent elevation in volatility, it wouldn’t be surprising to see a continuation of the current upswing into that higher price zone, provided momentum continues to ho ...