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Brent oil price forecast update 09-05-2024
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Brent oil price forecast update 09-05-2024
May 9, 2024 3:31 AM

Brent Oil Price Analysis Expected Scenario Brent oil price is testing 84.77$ level and still below it until now. To keep the bearish trend scenario active for today, supported by the overbought signals that appear on stochastic. Depending on the price stability below the mentioned level. Reminding you that we are waiting to visit 82.40$ as a next main target. Expected Trading Range Between 82.70$ support and 85.60$ resistance.

Trend Forecast: Bearish

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