Brent oil price forecast update 12-04-2024
Economies.com
2024-04-12 10:56AM UTC
Brent Oil Price Analysis
Expected Scenario
- Brent oil price trades with clear positivity now to reach the thresholds of the first waited target at 91.30$, noting that we expect the continuation of the bullish trend domination to achieve gains that reach 93.70$, supported by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 89.75$.
Expected Trading Range
Between 89.30$ support and 92.40$ resistance.
Trend Forecast: Bullish
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