Will Crude Prices Rise in 2024 or Crash More? Crude Oil Price Prediction for Year 2024 |Oil Forecast

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In this video, we are sharing Crude oil Analysis & Prediction for Next Week, Next Year and Next Year 2024 , Please watch the full video and share it with your friends also.
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Year 2023 has come to an end and yes crude oil has closed the year in a negative note with a drop of 10% yes it is erased 10% of its worth as the started at around $80 levels and it has closed at around 71.4 now yes it has

Contributed to the max towards the dropping and falling inflation now what to expect in the year 2024 can we expect oil to reach the lows at around 60 and Below levels or is it going to bounce back is it going to stay bullish and stay in this upward trending Channel

Which position you should take what to expect from oil in the year 2024 in the month of January and in the next week we will see with the help of charts and indicators if you’re new to the channel subscribe to the channel do like share and comment I do share twice a day

Update on crude oil do watch both and towards the end of this update I will share the trading levels and strategy for the next next week and for the month of January do watch till the end also I will give you my long-term analysis for the year 2024 let’s start first let’s

Have a look at the chart see certainly there’s a base which has been created with that is bottom at around 67 65 Zone we have seen oil retracing upwards towards 95 now higher lows are done and possibly in the coming week and in the month of January we can expect oil to

Start the upward Journey again yes it can continue to trade in this upward trending Channel where the highs of this channel for the year 2024 is going to get limited here somewhere around upwards to100 possibility is there as long as it stays above $65 levels we can

Expect prices to stay bullish and prices to stay upwards on the upside towards $100 levels now if you look at the movement see a flat top is seen and since then three red candles are done each candle has left a tail on the upside and in the month of January if

The price is moves above 7778 levels certainly one can say that in the month of February and March also we can see a little rise where it can try to scale towards on the upside but right now as long as 7778 and in fact beyond the 82 levels in the month of

February as long as these levels are respected we should not be treating oil as completely bullish and we should not be treating oil for a complete reversal now specifically if the price is continues to stay bearish from here it stays below 67 is the point where you

Can say that now the energy prices are going to hit the lows at 60 and in fact this time the crash can be further sharper but let’s have a look with the help of indicators what does the indicators are suggesting here indicators do play a major role look at

The moving averages now the price has just closed in between 50 and 100 period moving average now 100 months average that is almost 10 years oil price is around $70 levels average and this is come to these levels again the moving averages have started to converge but

None of the moving averages have crossed over other each other and thus it suggests that the prices are still trading in the bullish Zone also if you look at the Bullinger bands have started to look downwards and all almost staying flat the median of the Bullinger bands

Is somewhere here at around 80 485 levels these levels become crucial possibly in the coming month we can see it coming down while the prices might start to climb up thus a possible retracement in the first quarter can be expected and yes I will still say oil has still bullishness left and this

Could be one of the contributors towards fighting inflation where the major central banks are are still struggling to pull the inflation down the energy prices from here onwards could add onto this struggle if you look at the stock I think this is Fallen sharply looking downwards while the me is still trading

Bearish it is converged a bit and again trying to diverge but there is one more observation here look at the first wave second wave and I will look forward for it to cross over and continue on the upward Journey from the current levels thus the coming month that is January

February are going to remain decisive whether the prices are willing to cross over and continue its upward Journey if we do see a crossover and if we do see a bullish momentum in the first two to three months certainly you can say that 2024 is the year which is going to see

Energy prices specifically crude oil prices achieving the Heights Here RSI looking downwards right now trying to show slight bearish and in terms of volume the volumes are continuously on the diminishing side coming to the week on the weekly charts yes we had seen a reversal sign post reversal price has have achieved higher

Highs but the last week we have seen the price taking a U-turn however right now it is still yielding higher lows thus coming week is going to remain crucial any drop below $71 and $70 level certainly should be a Bas sign that prices are not willing to stay on the

Upside then I will look forward to 68 levels to be breached any close over of candle below 68 is where the beers will take over now there is another sign here is a crossover between the 20500 period moving average which is right now sitting at around 78 to $80 levels look

At the nearest crossover this is the bullish crossover and certainly it has taken a U-turn again and trading bearish now for the coming week specifically any rise above 74 is a good sign that the prices are taking a U-turn and if it breaks Beyond 7880 levels you can say

That we are looking forward to a reversal here now see what has happened after forming the base it is rising seen a good rise a reversal was seen then hitting the Bottom now I will wait for a reversal from the current levels that will be the sign that the Bulls are

Taking over also another point to add here on the weekly chart says prices has to stay above this Zone 65 to 68 as long as it stays above the zone you can say that it is still bullish higher lows are done and a reversal can be expected this is very very important

Stock itic has hit an oversold B Zone trying to rise now look at mag magd see after seeing a straight fall it has formed a triple bottom retraced and then started to fall now look at the candle size have started to diminish good sign for the Bulls here look at the

Divergence here it is still Divergent I will wait for couple of Greener candles and from here the reversal can be expected thus as I said as long as 65 67 zone is respected in the coming few weeks do not treat oil as bearish we can see a possible bounce back and then I

Will look forward for the prices to move over $100 levels in the coming few weeks yes it has still got the bullishness intact RSI has dropped here the volumes are very very low coming to the on The Daily charts here the this was the crossover bearish cross between the moving averages prices were

Divergent from the moving average it has created lower lows here since then we have seen it retracing towards the 50 period and now again looking downwards however however one must note that as long as it respects 71 and $70 levels do not treat oil as beish for the coming

Week yes specifically for the next week as long as 7071 is respected we can expect prices to bounce back and then in the month of January if it stays above 78 levels you can say that the month of February and March are also going to stay bullish and we can see a further

More rise from those levels what I will be looking forward to if the price stays above 82 you can say this time it is going to break past 95 this time we can see it staying above 100 as well be watch right now it is showing a bearish

Momentum specifically for the next week look at the daily charts here if you look at the momentum here bearish the last trading candle has been a bearish candle and it has closed at bottom a complete reversal is what I will look forward to it has to open flat and

Continue on the upside stay above 72 and then break past 74 these two levels if it stays above certainly you can treat that in the we are looking forward to a reversal and possibly we can see a good rise a stock itic has fallen to oversold

Zone me D now this is important on The Daily charts magd was trading with Divergence it has converged remember after forming the double bottom it has converged here it is not at crossed over and it can continue to diverge from the current levels and achieve the highs which means possibly bullish momentum

Can be expected as long as it stays in The Greener Zone RSI looking down volumes have also dropped now we have seen the charts we have seen the indicators time for me to give you the summary of the observation and give you the trading levels and strategy for the

Next week the next month and coming sessions specifically first quarter second quarter and give you an outlook for the year 2024 but before that if you want to learn this art of trading you can join my mentorship batch 28th batch starts on second week of January register yourself love itself reach out

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Visit the plate Forex fund.com now let’s so see looking at the charts it appears that energy prices have seen a bottom here possibility of a reversal exist but as long as it stays about 6567 levels we can say that crude oil is still bullish and we can expect a bounce backer rise in

Prices upwards $200 levels in the year 2024 and this is going to be a major factor adding to the fights for with inflation where major economies are struggling and this could be one of the factors which can definitely add on to the volatility now considering this I

Expect the prices to move on the upside we expect that the major hurdle will be seen at 78 then 8285 and then towards 95 if these three levels are taken certainly we are looking at 110 plus plus levels in the coming few months possibly this might happen in the first

Half of the year and in fact these prices can stay upwards in the coming entire year 2024 where the bottom of the lows could be at around 67 68 at Max with that for the January month and for the next week let me give you the trading levels I will recommend you to

Buy here at 71.6 wait for it to break past 72 and if it stays above 72 and 72.4 levels you can say that the Bulls will take over from there and then I will look forward to 73.5 and 74 now 74 is the next hurdle if

It stays above 74 you can say that the reversal is seen and we can again look forward to 76 and this time I will be looking forward to 78 and then $80 levels in the month of January yes these levels are very much possible and achieving those

Levels is where the Bulls will take over and next few months Beyond this 82.5 85 and then beyond this sky is the limit on the upside for specifically for the month of January we have to watch out for these two levels if it continues above on the upside 76 and 78 are going

To remain two critical levels which oil needs to break pass by in order to confirm the rise right now it is having a downward move it is looking downwards and thus only sell entry is below 71 where you can expect 70.6 70 and 69.5 four levels which are going to play

A critical role in deciding which direction oil wants to take any drop below this zone is where the beers are waiting for we can look forward to 68.8 68 and any closure of the candle below 68 is where we can look forward to this time 66.6 and 65 levels yes these

Are going to play a critical role in deciding the future of energy and specifically crude oil 68 is the level you should watch out for below this is where the are taking beers will take over and a major crash in the prices can be six seen below 65 this time in the

Year 2024 we will look forward to 60 though I am still bullish and I will look forward for it to break past Beyond $100 levels do take your trades accordingly like share subscribe and comment join my mentorship B signals Channel watch the twice a day updates on

Crude oil definitely it will add meaning to your daily decisions and also the weekly update is equally Cru crucial these all insights I share in advance in my weekly webinar do register for and also you can become a channel member and yes I wish you and your family a very

Happy prosperous year 2024 I wish that all the losses all the profits may come to you not the losses all the losses you have done so far should get recovered in the year 2024 and is going to be the most prosperous year for you all with those visit happy

New Year have a great profitable trading week month and a year ahead thank you