Brent oil price forecast update 11-06-2024

Economies.com
2024-06-11 09:21AM UTC

Brent Oil Price Analysis

Expected Scenario

  • Brent oil price fluctuates around 81.75$ level since morning, and as long as the price is below 82.40$, the bearish trend will remain suggested for today, supported by the negative overlapping signal provided by stochastic, waiting to motivate the price to decline towards 80.08$ as a next main target.

Expected Trading Range

Between 79.80$ support and 82.50$ resistance.

Trend Forecast: Bearish

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