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Brent oil price forecast update 30-10-2024
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Brent oil price forecast update 30-10-2024
Oct 30, 2024 4:03 AM

Brent oil price tested 72.06$ level and keeps its stability below it, as it forms solid resistance against the price, which keeps the bearish trend scenario valid and active for today, affected by the previously completed double top pattern, reminding you that our next main target reaches 70.00$.

The expected trading range for today is between 69.70$ support and 72.70$ resistance.

Trend forecast: Bearish

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