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A daily close over $91.50 could open upside for crude oil, Patrick Karim notes

A daily close over $91.50 could open upside for crude oil, Patrick Karim notes
Crude oil faces crucial $91.50 resistance

Patrick Karim, technical analyst at Technical Traders Ltd, highlights $91.50 as a key level for crude oil. A solid daily close above this price could signal a breakout, while continued drift is likely below that threshold.

Karim has previously set long-term targets with crude oil exceeding $400 per barrel. He has also cautioned that mortgage rates may continue to rise. These forecasts provide additional context to his current technical view on crude oil levels.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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