Brent oil price rises again – Forecast today – 08-11-2024 – ForexNews.PRO
Brent oil price returned to rise after the negative pressure that it witnessed in the previous sessions, as it settled above 75.36$ level again, to revive the positive scenario that targets 76.84$ as a next station, reminding you that breaching it will lead the price to visit 78.66$ areas on the near-term basis.
On the other hand, we should note that breaking 75.36$ will push the price to decline again and head towards 73.90$ areas as a next negative target.
The expected trading range for today is between 74.30$ support and 77.30$ resistance.
Trend forecast: Bullish
Origin: Economies
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