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Brent Forecast for October 2, 2024
Brent oil quotes continue to move within the development of growth and a bearish channel. At the time of publication of the forecast, the price of Brent crude oil is 74.41 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are testing the area between the signal lines, 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 a decline and test the support level near the area of 72.05 dollars per barrel. Then, an ... (full story)
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- Posted: Oct 1, 2024 9:50pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 147
