Crude Oil Price Forecast: Bearish Grind Dips Tests Prior Low

Larger Downtrend ContextA decisive push through today’s low would deliver another clear bearish signal within an already established larger downtrend. That trend has accelerated recently, especially in relation to the falling 50-day average, which has repeatedly capped advances and produced lower highs—most recently in the same region. Despite an unmistakable bearish technical posture, overall volatility has remained surprisingly muted since the pullback began from the October swing high, where the 50-day l ...