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Brent oil price forecast update 11-04-2024
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Brent oil price forecast update 11-04-2024
Apr 11, 2024 6:01 AM

Brent Oil Price Analysis Expected Scenario Brent oil price trades with clear negativity to press on 90.30$ level and attempts to break it, to hint heading to visit the bullish channels support line in the upcoming sessions, motivated by stochastic negativity that appears clearly now. Therefore, the bearish bias will be expected on the intraday basis, and the main target is located at 88.25$, taking into consideration that consolidating above 90.30$ will stop the current negative pressure and lead the price to resume the main bullish track again. Expected Trading Range Between 89.00$ support and 91.50$ resistance.

Trend Forecast: Bearish

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