Brent oil price forecast update 28-03-2024

Brent Oil Price Analysis

1. Brent oil price fluctuates within tight track since morning, settling above 86.00$ barrier, affected by stochastic negativity that hinders the mission to rise.
2. Until now, the positive scenario still suggested for today as long as 85.90$ and 85.30$ levels remain intact, reminding you that our first target is located at 87.40$, which breaching it represents the key to rally towards 90.00$ barrier as a next main station.

Expected Trading Range

• Support: 85.10$
• Resistance: 88.80$