Brent oil price surpasses the resistance – Forecast today - 24-04-2024
Economies.com
2024-04-24 03:57AM UTC
Brent Oil Price Analysis
Brent Oil Scenario:
- Brent oil price traded with clear positivity yesterday to breach 87.67$ and close the daily candlestick above it, to stop the correctional bearish scenario and head towards building new bullish wave on the intraday and short-term basis, on its way to achieve gains that start at 90.85$.
- Therefore, we expect to witness more rise in the upcoming sessions, and breaching 88.45$ will reinforce the positive overview, while breaking 87.67$ will stop the bullish trend and push the price to return to the correctional bearish track again.
Trading Range:
- The expected trading range for today is between 87.00$ support and 90.00$ resistance.
Trend forecast: Bullish
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