Brent oil price forecast update 12-09-2024

Crude oil price touched our first target at 68.55$ and finds solid resistance there, waiting to breach this level to confirm extending the correctional bullish wave and head towards 70.43$ as a next main target.

Silver price shows slight positive trades in attempt to resume the expected bullish trend for today, and the way is open to achieve our waited target at 29.30$, which breaching it represents the key to rally to achieve additional gains that extend to 30.06$, reminding you that the continuation of the bullish wave requires holding above 28.55$.

Gold price didn’t show any strong move since morning, noticing that stochastic overlaps positively now, waiting to assist to push the price to rise in the upcoming sessions and achieve our next positive target at 2540.00$.