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Brent oil price reaches the target – Forecast today - 29-05-2024
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Brent oil price reaches the target – Forecast today - 29-05-2024
May 28, 2024 9:48 PM

Brent Oil Price Analysis Expected Scenario Brent oil price reached the awaited target at 84.77$ and encountered solid resistance, accompanied by clear overbought signals through stochastic. Preference to stay aside until the price confirms its situation according to 84.77$ level to detect the next destination clearly. Consolidating below 84.77$ may trigger a bearish rebound towards 82.42$ initially, while breaching it could lead to new gains starting at 85.80$ and extending to 87.67$. Expected Trading Range Between 83.00$ support and 86.00$ resistance

Trend Forecast: Neutral

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