Brent oil price approaches the target – Forecast today – 26-03-2024

a-9Brent Oil Price Analysis

Brent oil price provided clear positive trades, nearing the first awaited target at 87.40$.

Despite current stochastic negativity, the price starts today with a bullish bias to resume the expected trend.

Surpassing 87.40$ will push the price towards 88.40$ as the next positive station.

Support and Resistance Levels:

Support: 85.60$
Resistance: 88.60$

Trend Forecast: Bullish

Origin: Economies

 

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