Brent oil price forecast update 02-04-2024

Economies.com
2024-04-02 09:41AM UTC

Brent Oil Price Forecast

Brent oil price trades with strong positivity to approach our waited target at 90.00$ barrier, and the way is open to continue the rise and achieve additional gains that we expect to reach 90.75$ as a next positive station.

  • The bullish channel continues to organize the bullish wave, which gets good support by the EMA50, noting that the continuation of the bullish trend requires holding above 87.40$.

The expected trading range for today is between 88.00$ support and 90.00$ resistance.

Trend Forecast

Bullish

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