AVWAP

Search documents
Crude Oil Price Forecast: Consolidates as Bears Press Key $62 Support
FX Empireยท 2025-08-19 20:58
Support and Downside TargetsThe recent swing low of $62.19, recorded last Wednesday, marks critical near-term support. A decisive break below that level would confirm a continuation of the broader bearish trend. The next lower target is projected in a price zone between $60.66 and $60.60, which aligns with both a 78.6% Fibonacci retracement and a 78.6% measured target from a falling ABCD pattern. Beyond that, a 100% projection of the same ABCD structure points toward $57.71 as a deeper bearish objective.Sig ...