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Brent oil price begins negatively – Forecast today - 29-04-2024
Brent Oil Price Analysis
Brent oil price rebounds bearishly after testing 89.50$ level, to head towards testing the key support 87.67$, noticing that the price is moving within minor bullish channel that supports the chances of resuming the bullish trend in the upcoming sessions, accompanied by witnessing clear positive signals through stochastic.
Therefore, these factors encourage us to continue suggesting the bullish trend, which its next targets located at 91.35$ followed by 92.35$, noting that breaking 87.67$ will stop the bullish wave and push the price to achieve more bearish correction.
Expected Trading Range
- Support: 87.00$
- Resistance: 90.00$
Trend forecast: Bullish
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Crude oil price under the negative pressure – Forecast today - 29-04-2024
Crude oil price begins today with clear negativity to break 83.90$ level and settles below it, to head towards achieving new bearish correction in the upcoming sessions, targeting visiting 81.50$ areas as a next main station.
MoreSilver price keeps fluctuating - Forecast today - 29-04-2024
We remind you that breaking the mentioned support will push the price to resume the correctional bearish track that its next target reaches 26.00$, while breaching the resistance represents the key to return to the main bullish track, to head towards visiting 28.80$ followed by 29.80$ levels as next positive targets.
MoreGold price declines calmly – Forecast today - 29-04-2024
Therefore, we expect to witness negative trades in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 2360.50$ will stop the expected decline and lead the price to regain the main bullish trend again.
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