Brent crude oil price moves within ascending correctional price channel – Forecast today – 24-03-2025

a-9Brent crude oil prices inched higher in latest intraday trading, with support due to trading above the 50-candle SMA, while moving within an ascending correctional price channel that guided short-term trading, with positive signals from the Stochastic after it vented off overbought saturation there when it tested the upper limit of that channel.

US crude oil prices edged higher in intraday trading and held above the pivotal resistance of $68.00, bolstering the odds of a breach, amid the dominance of the upward correctional trend in the short term as the price trades alongside the trend line, with support due to trading above the 50-candle SMA.


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