Brent oil price forecast update 09-05-2024
Economies.com
2024-05-09 09:35AM UTC
Brent Oil Price Analysis
Expected Scenario
- Brent oil price is testing 84.77$ level and still below it until now.
- To keep the bearish trend scenario active for today, supported by the overbought signals that appear on stochastic.
- Depending on the price stability below the mentioned level.
- Reminding you that we are waiting to visit 82.40$ as a next main target.
Expected Trading Range
Between 82.70$ support and 85.60$ resistance.
Trend Forecast: Bearish
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