Brent oil price forecast update 09-01-2025

neft-l6Brent oil price touched 78.00$ level and finds good resistance there, waiting to get positive motive that assist to push the price to continue the rise and visit 78.66$ that represents our next target, noting that breaching this level will extend the bullish wave to reach 79.80$ areas as a next main station, while the expected rise will remain valid unless breaking 76.84$ and holding below it.

The expected trading range for today is between 76.35$ support and 79.35$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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