Brent oil price forecast update 26-04-2024

Brent Oil Price Analysis

Expected Scenario

• Brent oil price shows additional positive trades to surpass 89.00$ barrier and settles above it.
• This reinforces the expectations of continuing the bullish trend in the upcoming sessions.
• We are waiting to visit 91.35$ followed by 92.35$ levels as next main targets.
• Holding above 87.67$ represents a key condition for the continuation of the bullish wave, as breaking it will put the price under the correctional bearish pressure again.

Expected Trading Range

Between 87.70$ support and 90.70$ resistance.