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Brent oil price forecast update 29-05-2024
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Brent oil price forecast update 29-05-2024
May 29, 2024 3:48 AM

Brent Oil Price Analysis Expected Scenario Brent oil price achieved an initial breach to the 84.77$ level and attempts to hold above it, supporting the chances of activating the positive scenario in the upcoming sessions. This paves the way to visit 85.80$ followed by 87.67$ levels as next main targets. Therefore, the bullish bias will be suggested for the rest of the day, conditioned by the price stability above 84.77$. Expected Trading Range Between 83.00$ support and 86.00$ resistance.

Trend Forecast: Neutral

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