Crude Oil Price Forecast: Will Key Support Hold or Break?
FX Empire·2026-06-24 05:07
Reversal Signal Still Requires ConfirmationA more significant bullish reversal would be signaled by a move above the lower swing high of $79.23 that was established on Monday. Monday generated a relatively large price range that ended near the lows of the session, producing a new low closing price for the bearish correction. This was bearish price action, though it was somewhat countered by another test of support at the 200-day moving average. That average briefly as support on Tuesday, but there has been ...