Brent Oil Price Analysis
Expected Scenario
Brent oil price concluded yesterday’s session above the $82.40 level, indicating support for the continuation of the anticipated bullish trend in the upcoming period. Notably, stochastic indicators are clearly gaining positive momentum, further reinforcing the positive outlook. Market observers anticipate a trajectory towards $83.70, followed by $84.77 as the next main targets.
However, it’s important to consider that a break below $82.40, coupled with sustained trading beneath it, could halt the anticipated rise and subject the price to negative pressure. In such a scenario, the initial targets for downward movement would begin with a test of the $81.20 areas.
Expected Trading Range
The anticipated trading range for today is between the support level at $81.10 and the resistance level at $84.00.
Trend Forecast: Bullish
