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Brent oil price achieves more gains – Forecast today - 02-10-2024
Brent oil price continued the bullish rally to touch 75.24$ level, starting today with more rise to attempt to breach this level, paving the way to continue the rise and head to achieve additional gains that reach 76.68$.
Therefore, we expect the continuation of the bullish trend in the upcoming sessions, taking into consideration that failing to breach 75.24$ will stop the bullish wave and push the price to rebound bearishly to test 73.80$ areas initially.
The expected trading range for today is between 74.00$ support and 77.00$ resistance.
Trend forecast: Bullish
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Crude oil price awaits more positive targets – Forecast today - 02-10-2024
Crude oil price continued to rise to touch 71.95$ level, and leaned on the support base 70.44$ to start rising again, and we suggest breaching 71.95$ to open the way to achieve more gains that reach 73.48$ as a next positive station.
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Silver price tested the key resistance 31.70$ without managing to confirm breaching it, to remain confined between this resistance and 31.00$ support line, which keeps our neutrality valid until now, waiting to get clearer signal for the next trend.
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