Brent oil price breaches the resistance – Forecast today – 04-12-2024

neft-l2Brent oil price rallied upwards strongly yesterday to breach 73.90$ and close the daily candlestick above it, to head towards achieving more expected rise in the upcoming sessions, paving the way to target 75.36$ areas mainly.

Therefore, the bullish trend will remain suggested for today, taking into consideration that breaking 73.90$ will stop the positive scenario and put the price under the negative pressure again.

The expected trading range for today is between 72.80$ support and 75.80$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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