Brent oil price forecast update 26-04-2024
Economies.com
2024-04-26 11:01AM UTC
Brent Oil Price Analysis
Expected Scenario
- Brent oil price shows additional positive trades to surpass 89.00$ barrier and settles above it.
- This reinforces the expectations of continuing the bullish trend in the upcoming sessions.
- We are waiting to visit 91.35$ followed by 92.35$ levels as next main targets.
- Holding above 87.67$ represents a key condition for the continuation of the bullish wave, as breaking it will put the price under the correctional bearish pressure again.
Expected Trading Range
Between 87.70$ support and 90.70$ resistance.
Trend Forecast: Bullish
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