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Brent oil price forecast update 15-05-2024
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Brent oil price forecast update 15-05-2024
May 15, 2024 3:36 AM

Brent Oil Price Analysis Expected Scenario Brent oil price settles within a tight range above 83.00$ barrier, waiting to resume the bullish bias to test 84.77$ that represents the expected target of the bullish wave for today, to continue suggesting the intraday bullish trend, supported by stochastic positivity, reminding you that breaking 82.40$ will push the price to decline again to resume the correctional bearish track that targets 80.08$ areas as the next main station. Expected Trading Range Between 82.00$ support and 85.00$ resistance.

Trend Forecast: Bullish

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