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Brent oil price forecast update 05-04-2024
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Brent oil price forecast update 05-04-2024
Apr 5, 2024 5:57 AM

Brent Oil Price Analysis Expected Scenario Brent oil price shows positive trades now in attempt to resume the expected bullish trend for today. Waiting to breach 91.55$ to confirm rallying towards our next main target at 92.75$. Expected Outcome In general, the bullish trend scenario will remain valid and active for today conditioned by the price stability above 91.05$.

Breaking it might push the price to achieve some bearish correction before turning back to rise again.

Expected Trading Range Between 90.20$ support and 93.30$ resistance.

Trend Forecast: Bullish

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