Crude Oil Forecast: Considerable Noisy Behavior

market experienced an initial pullback during Thursday's trading session, only to rebound and show signs of resilience. hovers around the $72.50 level and is on a downward trend.The market's choppiness is likely to persist, given several factors suggesting that we are still confined within a certain range. Additionally, the market typically enters a "summer range" as the US embarks on its "summer driving season.

At the end of the day, both the WTI and Brent Crude Oil markets are exhibiting signs of choppiness and are likely to continue doing so. Various factors, including economic concerns, demand and supply dynamics, and seasonal trends, are influencing these markets. Traders will need to focus on short-term charts and remain agile as they navigate these markets in the coming months. I think clarity is something we will be waiting for during the summertime, as the “summer range” takes over in general.

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