Wed, 08 Apr 2026 07:25:40 GMT
Crude Oil Market Outlook: Short-Term Pullback Within a Long-Term Uptrend
The market is still bullish in the long term because price remains above the 200 SMA, but in the short term it is in a bearish correction after falling below the 100 SMA.
Right now, price is moving between $93.40 and $99.40. The $99.40 level is important resistance that needs to be broken to regain upward momentum, while $93.40 is