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Brent oil price forecast update 12-06-2024
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Brent oil price forecast update 12-06-2024
Jun 12, 2024 4:00 AM

Brent Oil Price Analysis Expected Scenario Brent oil price achieved an initial breach to 82.40$ and closed the last four hours candlestick above it, to start activating the bullish trend scenario on the intraday basis, paving the way to build a new bullish wave that targets 83.70$ followed by 84.77$ levels mainly. Therefore, the bullish bias will be valid and active conditioned by the price stability above 82.40$. Expected Trading Range Between 80.60$ support and 84.00$ resistance.

Trend Forecast: Neutral

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