Brent Oil Price Forecast Update – 4th December 2024

by Jennifer

Brent oil prices have maintained stability above the $73.90 level, keeping the bullish trend intact and active for today. The price is expected to gather positive momentum, which would help push it towards the next target at $75.36. However, for the bullish wave to continue, it is crucial that the price holds above the $73.90 support level.

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

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Trend Forecast: Bullish

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