Brent oil price forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
Brent Oil Price Analysis
- Brent oil price fluctuates within tight track since morning, settling above 86.00$ barrier, affected by stochastic negativity that hinders the mission to rise.
- Until now, the positive scenario still suggested for today as long as 85.90$ and 85.30$ levels remain intact, reminding you that our first target is located at 87.40$, which breaching it represents the key to rally towards 90.00$ barrier as a next main station.
Expected Trading Range
- Support: 85.10$
- Resistance: 88.80$
Trend forecast: Bullish
Crude oil price forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
Crude Oil Price Analysis
- Crude oil price settles around 82.00$ level since morning, and didn’t show any strong move in the previous sessions, thus, no change to the expected bullish trend for today, which its targets begin by breaching 82.40$ to open the way to head towards 83.56$ as a next positive station, noting that the consolidation of the mentioned level against the positive attempts will stop the expected rise and push the price to visit 80.68$ mainly.
Expected Trading Range
- Support: 81.00$
- Resistance: 83.80$
Trend forecast: Bullish
Silver price forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
Silver Price Analysis
- Silver price faces expected negative pressure to test the key support 24.30$, while we still monitoring the price and waiting to get clearer signal for the next trend, through breaking the mentioned support or breaching 24.85$ resistance, to keep our neutrality valid until now.
- We remind you that breaking the support will push the price to achieve additional bearish correction that its next targets reach 23.85$ followed by 23.40$, while breaching the resistance will lead the price to resume the main bullish trend and target 25.50$ areas initially.
Expected Trading Range
- Support: 24.10$
- Resistance: 25.00$
Trend forecast: Neutral
Gold price forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
Gold Price Analysis
- Gold price shows new positive trades to touch 2200.00$ barrier, waiting for more rise to visit 2222.86$ that represents our next main target.
- Stochastic negativity interprets the reasons of the current slow bullish wave and the difficulty to continue the rise, noting that the continuation of the bullish wave depends on the price stability above 2166.50$.
Expected Trading Range
- Support: 2175.00$
- Resistance: 2210.00$
Trend forecast: Bullish
Frequently asked questions
What is the price of Brent Oil today?
The price of Brent Oil is $68.30 (2025-07-06 04:44AM UTC)