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Crude Oil Price Forecast: Bounce Fades at $57 – 20-Day Resistance Looms
FX Empire· 2025-12-18 21:43
20-Day as Key Overhead BarrierThe acceleration in the short-term bear trend kicked in following last week’s confirmation of resistance near the 20-day moving average over three days. This price behavior highlights the 20-day trend indicator—now at $58.31 and falling—as key dynamic resistance for any higher bounce. The 10-day average sits a little lower at $57.71 currently.Broader Downtrend ConfirmationMonday’s decline triggered bearish continuation of the downtrend on a drop below the prior swing low of $56 ...