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Brent oil price forecast update 10-05-2024
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Brent oil price forecast update 10-05-2024
May 10, 2024 5:32 AM

Expected Trading Scenarios Brent oil price trades negatively now in attempt to resume the expected bearish trend for the upcoming period. The bearish trend is supported by stochastic negativity, waiting to visit 82.40$ level that represents our next main target. Holding below 84.77$ and 85.80$ levels is important to continue the expected decline. Breaching them will push the price to turn to rise and stop the current bearish correction. Expected Trading Range Support: 83.00$ Resistance: 86.00$ Trend Forecast: Bearish

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