Brent oil price forecast update 24-04-2024
Economies.com
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios
- Brent oil price trades with slight negativity to head towards potential test to the key support 87.67$, affected by stochastic negativity, and as long as the price is above this level, our bullish overview will remain valid for today, which targets 90.85$ areas as next main stations.
- Breaching 88.45$ is required to ease the mission of achieving the suggested target, while breaking 87.67$ represents negative factor that will put the price under the correctional bearish pressure again, to head towards visiting 84.77$ areas on the near-term basis.
The expected trading range for today is between 87.00$ support and 90.00$ resistance.
Trend forecast: Bullish
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