Brent oil price forecast update 22-03-2024
Economies.com
2024-03-22 11:31AM UTC
Brent oil price trades positively now to move away from the EMA50 and reinforce the expectations of continuing the bullish trend on the intraday basis, on its way to visit 87.40$ followed by 88.40$ levels as next main stations.
Stochastic overlaps positively to reinforce the chances of continuing the bullish bias for the rest of the day, reminding you that it is important to hold above 85.40$ to achieve the waited targets.
The expected trading range for today is between 84.50$ support and 87.50$ resistance.
Trend forecast: Bullish
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