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Brent oil price forecast update 25-04-2024
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Brent oil price forecast update 25-04-2024
Apr 25, 2024 4:20 AM

Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above 87.67$ level, and didnt show any strong move since morning. Stochastic begins to overlap positively now, waiting to motivate the price to resume the bullish trend in the upcoming sessions. Our next target is located at 90.85$. Breaking 87.67$ will stop the bullish wave and put the price under the correctional bearish pressure again. Expected Trading Range Between 87.00$ support and 90.00$ resistance.

Trend Forecast: Bullish

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