Brent oil price forecast update 17-04-2024
Economies.com
2024-04-17 09:25AM UTC
Trend Forecast for Brent Oil Price
Expected Scenario near the Bullish Channel’s Support Line
- Brent oil price fluctuates near the bullish channel’s support line.
- Stochastic reaches the oversold areas, supporting the chances of rising in the upcoming sessions.
- The expected bullish wave for today targets 93.40$ as a next station.
Expected Scenario in Case of Price Stability Above 89.00$
- The continuation of the bullish wave depends on the price stability above 89.00$.
Expected trading range for today: Between 88.60$ support and 91.50$ resistance
Trend forecast: Bullish
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