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Brent oil price forecast update 30-04-2024
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Brent oil price forecast update 30-04-2024
Apr 30, 2024 4:25 AM

Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the trend keys represented by 87.67$ support and 88.55$ resistance. As we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, so we continue with our neutrality until now. Breaking the resistance will lead the price to regain the bullish track and achieve gains that start at 91.35$ and extend to 92.35$. Breaking the support will put the price under correctional bearish pressure, with its next target located at 84.77$. Expected Trading Range Between the support at 86.40$ and the resistance at 89.50$.

Trend Forecast: Neutral

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