Brent oil price forecast update 30-04-2024
Economies.com
2024-04-30 09:24AM UTC
Brent Oil Price Analysis
Expected Scenario
- Brent oil price still confined between the trend keys represented by 87.67$ support and 88.55$ resistance.
- As we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, so we continue with our neutrality until now.
- Breaking the resistance will lead the price to regain the bullish track and achieve gains that start at 91.35$ and extend to 92.35$.
- Breaking the support will put the price under correctional bearish pressure, with its next target located at 84.77$.
Expected Trading Range
Between the support at 86.40$ and the resistance at 89.50$.
Trend Forecast: Neutral
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