Brent oil price forecast update 23-04-2024
Economies.com
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the bearish trend scenario valid for today, supported by the negative overlapping signal provided by stochastic now, reminding you that we are waiting to visit 84.77$ as a next main target.
On the other hand, we remind you that breaching 87.67$ will stop the bearish trend and push the price to build bullish wave and achieve gains that start at 89.45$.
The expected trading range for today is between 85.60$ support and 88.60$ resistance.
Trend forecast: Bearish
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