Category: Forex News

Brent oil price awaits positive trades – Forecast today – 25-03-2024

Brent oil price begins today with slight bullish bias, hinting heading to resume the bullish trend, which targets testing 87.40$ as a first station, noting that breaching this level will push the price towards 88.40$ as a next target.

The EMA50 supports the price from below to reinforce the chances of continuing the bullish wave, noting that breaking 85.30$ followed by 84.55$ levels will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 84.60$ support and 87.50$ resistance.

Trend forecast: Bullish

Origin: Economies

 


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