Brent oil price awaits more rise – Forecast today – 25-09-2024

neft-l2Brent oil price fluctuates around 75.24$ level, as it finds solid resistance there, moving within bullish channel that supports the chances of surpassing this level to achieve additional gains that reach 76.68$ as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that breaking 73.79$ will stop the bullish trend and push the price to turn to decline.

The expected trading range for today is between 73.70$ support and 76.70$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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