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Brent oil price forecast update 31-05-2024
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Brent oil price forecast update 31-05-2024
May 31, 2024 5:50 AM

Price Analysis: Brent Oil Expected Scenario Brent oil price settles below 82.45$ level, to keep the bearish trend scenario valid for today, waiting to resume the negative trades and head towards 80.08$ as a next main target. Breaking 81.85$ will ease the mission to decline towards the suggested target, while breaching 82.45$ represents the key to start intraday bearish wave and achieve gains that reach 84.77$. Expected Trading Range Between 80.00$ support and 83.00$ resistance.

Trend Forecast: Bearish

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