Brent oil price forecast update 03-04-2024

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Apr 3, 2024 1:00 AM

Brent Oil Price Analysis

Brent oil price resumes its positive trades now, waiting to test the 90.00$ level that represents our first target. We expect to breach this level to extend the bullish wave towards 91.00$ as the next positive station.

Stochastic current negativity might hinder the mission to rise and slow down the bullish wave. However, in general, we will continue to suggest the bullish trend for today unless breaking 88.60$ and holding below it. The expected trading range for today is between 88.30$ support and 91.20$ resistance.

Trend forecast: Bullish

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