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Brent oil price forecast update 25-10-2024
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Brent oil price forecast update 25-10-2024
Nov 3, 2024 12:02 PM

Brent oil price crawls downwards to approach 73.90$ level, and the price needs to break this level to confirm the continuation of the bearish trend domination in the upcoming sessions, as we are waiting to visit 72.06$ as a next negative station.

Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 75.36$ and hold above it.

The expected trading range for today is between 73.00$ support and 76.00$ resistance.

Trend forecast: Bearish

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