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2336.705
18.746%
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83.644
2.859%
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1.0703
3.0779%
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5102.93
0.38%
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38271.11
0.47%
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17722.70
0.78%
Brent oil price surpasses the first target – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:46AM UTC
Brent Oil Price Analysis
Expected Scenario: Bullish Trend
- Brent oil price rallied upwards clearly yesterday, achieving the first awaited target at $87.40.
- The price breached this level and closed positively above it, reinforcing the expectations of continuing the bullish trend domination.
- Our next main target extends to $90.00.
- Stochastic negativity might cause temporary sideways fluctuation before resuming the expected rise.
- The bullish trend remains valid conditioned by price stability above $87.40.
Expected Trading Range for Today
- Support: $86.20
- Resistance: $89.30
Trend Forecast: Bullish