Advertisements

Brent Oil Sees Upward Momentum, Eyes $84.00 Resistance

by Daisy

Brent crude oil prices have regained upward momentum, distancing from the $82.40 level. Analysts anticipate a continuation of the bullish trend throughout the trading day. Stochastic indicators also signal a positive convergence, further bolstering the optimistic outlook. The next anticipated targets stand at $83.70 and $84.77, contingent upon prices maintaining above $82.40.

Regarding trading ranges, support is expected around $81.10, with resistance noted at $84.00.

Advertisements

Trend Analysis: Bullish Outlook Continues

In summary, Brent oil is poised to sustain its upward trajectory, with resistance seen around the $84.00 mark.

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News