Brent oil price awaits positive trades – Forecast today - 25-03-2024
Economies.com
2024-03-25 02:43AM UTC
Brent oil price begins today with slight bullish bias, hinting heading to resume the bullish trend, which targets testing 87.40$ as a first station, noting that breaching this level will push the price towards 88.40$ as a next target.
The EMA50 supports the price from below to reinforce the chances of continuing the bullish wave, noting that breaking 85.30$ followed by 84.55$ levels will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 84.60$ support and 87.50$ resistance.
Trend forecast: Bullish
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