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Brent oil price forecast update 06-05-2024
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Brent oil price forecast update 06-05-2024
May 6, 2024 5:27 AM

Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading positively and approaching testing the 84.77$ level. As long as the price is below this level, our bearish overview will remain valid for today. This bearish view is affected by the previously completed double top pattern. We are waiting to test 82.40$ as the first main target. Expected Trading Range for Today: Support: 81.00$ Resistance: 85.00$ Trend Forecast: Bearish

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