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Brent oil price surpasses the resistance – Forecast today - 19-06-2024
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Brent oil price surpasses the resistance – Forecast today - 19-06-2024
Jun 18, 2024 10:06 PM

Brent Oil Price Analysis Expected Scenario Brent oil price breaches 84.77$ level, closing above it. Expectations for continuing bullish trend on intraday and short-term basis. Targets: 85.80$ and 87.67$ following the breakthrough. Supporting Factors EMA50 support reinforces bullish trend expectations.

Breaking below 84.77$ would shift sentiment to bearish.

Expected Trading Range for Today Between the support 84.20$ and the resistance 87.00$.

Trend Forecast: Bullish

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