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Brent oil price continues to achieve the positive targets – Forecast today - 05-04-2024
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Brent oil price continues to achieve the positive targets – Forecast today - 05-04-2024
Apr 4, 2024 7:56 PM

Brent Oil Price Analysis Expected Scenario Brent oil price rallied strongly upwards yesterday, achieving the awaited extended target at 91.00$. The price surpassed this level and settled above it, supporting the continuation of the bullish wave on the short-term and medium-term basis. Additional gains are expected, with the next target reaching 92.75$. To reinforce positive expectations, the price needs to confirm surpassing 91.55$, as failure to consolidate above this level may lead to a bearish rebound and the start of a bearish wave targeting 89.70$. Expected Trading Range Between 90.20$ support and 93.30$ resistance. Trend Forecast: Bullish

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