Brent oil price confirms the break – Forecast today - 22-04-2024
Economies.com
2024-04-22 03:45AM UTC
Brent Oil Price Analysis
Expected Scenario
- The Brent oil price ended below the $87.67 level, confirming the continuation of the bearish correction.
- Negative pressure from the EMA50 supports further expected decline in upcoming sessions.
- If the price breaches $87.67, it may signal a reversal and potential return to the bullish trend.
- Initial targets for the bearish move start around $84.77.
Expected Trading Range
Between $84.90 support and $88.00 resistance.
Trend Forecast: Bearish
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