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Brent Forecast for October 1, 2024
Brent oil quotes continue to move within the development of the fall and bearish channel. At the time of publication of the forecast, the price of Brent crude oil is 71.28 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the area of 73.05 dollars per ... (full story)
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- Posted: Sep 30, 2024 9:40pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 72
