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Brent oil price forecast update 29-10-2024
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Brent oil price forecast update 29-10-2024
Nov 3, 2024 1:56 PM

Brent oil price keeps its stability below 72.06$ level, which keeps the bearish trend scenario valid and active for today, supported by the negative pressure formed by the EMA50, affected by the previously completed double top pattern, reminding you that our main waited targets start at 70.90$ followed by 70.00$.

The expected trading range for today is between 69.80$ support and 72.80$ resistance.

Trend forecast: Bearish

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