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Brent crude price emits mixed signals – Forecast today

By Published On: March 20, 20250.5 min readViews: 890 Comments on Brent crude price emits mixed signals – Forecast today

US crude oil prices rose in the intraday levels and managed to vent off oversold saturation that was apparent in the Stochastic, until it reached overbought levels compared to the price’s movements, thus sending out negative signals, with the dominance of the main downward trend as the price trades alongside a secondary short-term trend line, while the price is hurt by a recently forming negative Rising Wedge pattern. 

 

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