Brent oil price forecast update 22-04-2024
Economies.com
2024-04-22 09:11AM UTC
Brent oil price shows new negative trades to test 86.00$ barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our waited target is located at 84.77$.
The EMA50 forms continuous negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless breaching 87.67$ and holding with a daily close below it.
The expected trading range for today is between 84.90$ support and 88.00$ resistance.
Trend forecast: Bearish
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