1024 && window.pageYOffset>295){scrollFromTop=true;} else if(window.screen.width<=1024 && window.pageYOffset>0){scrollFromTop=true;} else {scrollFromTop=false;}"
>
-
2312.305
17.506%
-
79.465
2.280%
-
1.0748
2.6629%
-
5185.90
0.30%
-
39032.24
0.50%
-
18069.03
0.41%
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