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Brent oil price forecast update 13-06-2024
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Brent oil price forecast update 13-06-2024
Jun 13, 2024 4:01 AM

Brent Oil Price Analysis Expected Scenario Brent oil price faces clear negative pressure to break 82.40$ level and attempt to hold above it, to hint potential turn to decline, which urges caution from the upcoming trading, as confirming the break will push the price to suffer additional losses that reach 81.20$ followed by 80.08$ levels. The price needs to trade above 82.40$ again to revive the positive scenario that targets 83.70$ followed by 84.77$ levels mainly. Expected Trading Range Between 81.10$ support and 84.00$ resistance.

Trend Forecast: Bullish

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