{"id":34278,"date":"2025-02-11T18:45:59","date_gmt":"2025-02-11T21:45:59","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/02\/11\/crude-oil-price-forecast-crude-oil-reclaims-72-83-targets-higher-resistance-levels\/"},"modified":"2025-02-11T18:45:59","modified_gmt":"2025-02-11T21:45:59","slug":"crude-oil-price-forecast-crude-oil-reclaims-72-83-targets-higher-resistance-levels","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/02\/11\/crude-oil-price-forecast-crude-oil-reclaims-72-83-targets-higher-resistance-levels\/","title":{"rendered":"Crude Oil Price Forecast: Crude Oil Reclaims $72.83, Targets Higher Resistance Levels"},"content":{"rendered":"

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Next Upside Target is $74.74<\/h2>\n

The next upside targets are the 200-Day MA at $74.74 and the 20-Day MA, now at $74.89. Notice that the 20-Day line is falling and close to converging with the 200-Day line. Each line presents potentially solid resistance on its own but more so if combined to identify a similar price area. Confirming the 200-Day line is the 38.2% Fibonacci retracement at $74.69. Together, they put a bull\u2019s eye on a price zone from $74.6 to $74.89 and increases the chance of the price zone being tested as resistance.<\/p>\n

Strong Resistance Looks Likely Around $75.85<\/h2>\n

Higher price targets start with the 50% retracement at $75.85. That price area is confirmed by the interim swing high at $75.82. The swing high is part of the bearish price structure for the recent correction as it was a lower swing high, relative to the recent $80.76 peak. Once support is successfully tested at the lower end of the week\u2019s range, as seen on Monday, a swing back toward the top of the range is possible. This would be similar behavior to what is seen inside a consolidation pattern.<\/p>\n

Once one side of the pattern is tested as either support or resistance, and a reversal sets up, the other side of the pattern becomes a potential target. If crude follows through as it might, the top of the weekly range at $75.82 becomes a target. Since the week\u2019s high gives credence to the 50% target zone, it is possible that it is eventually reached. Moreover, the 50-Week MA is also nearby at $76.02.<\/p>\n

For a look at all of today\u2019s economic events, check out our\u00a0economic calendar<\/a>. <\/b><\/p>\n<\/div>\n

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[ad_1] Next Upside Target is $74.74 The next upside targets are the 200-Day MA at $74.74 and the 20-Day MA, now at $74.89. Notice that the 20-Day line is falling and close to converging with the 200-Day line. Each line presents potentially solid resistance on its own but more so if combined to identify a similar price area. Confirming the 200-Day line is the 38.2% Fibonacci retracement at $74.69. Together, they put a bull\u2019s eye on a price zone from $74.6 to $74.89 and increases the chance of the price zone being tested as resistance. Strong Resistance Looks Likely Around $75.85 Higher price targets start with the 50% retracement at $75.85. That price area is confirmed by the interim swing high at $75.82. The swing high is part of the bearish price structure for the recent correction as it was a lower swing high, relative to the recent $80.76 peak. Once support is successfully tested at the lower end of the week\u2019s range, as seen on Monday, a swing back toward the top of the range is possible. This would be similar behavior to what is seen inside a consolidation pattern. Once one side of the pattern is tested as either support or resistance, and a reversal sets up, the other side of the pattern becomes a potential target. If crude follows through as it might, the top of the weekly range at $75.82 becomes a target. Since the week\u2019s high gives credence to the 50% target zone, it is possible that it is eventually reached. Moreover, the 50-Week MA is also nearby at $76.02. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":34279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-34278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/34278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=34278"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/34278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/34279"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=34278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=34278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=34278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}