Yesterday, Brent crude oil exhibited significant bullish momentum, exceeding the initial target of $83.70 to reach $84.77. However, stochastic indicators suggest a potential bearish correction, awaiting renewed upward momentum to…
Brent Oil Price
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Brent oil prices have resumed their decline, testing the critical support level at $82.40 per barrel. For the bullish trend to remain valid and active, the price must consolidate above…
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Brent oil prices have exhibited mixed trading patterns since yesterday, fluctuating around $82.40 as they anticipate resuming a bullish trend on an intraday basis. The expected upward movement targets $83.70…
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Brent crude oil prices have displayed bullish momentum, with a notable bounce towards the critical resistance level of $82.40, indicating a potential resurgence of the bullish trend. Market analysts suggest…
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The price of Brent crude oil came within a few points of our projected target at $82.40, demonstrating a noteworthy upward trajectory. However, current market conditions indicate a clear downturn,…
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Brent crude oil reached the anticipated target of $80.08 and stabilized at that level, encountering substantial resistance. This resistance is attributed to the convergence of the bearish channel’s resistance line…
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It is anticipated that the average Brent crude oil price to hover around US$85 (RM399.17) per barrel for the entirety of 2024. However, to align with this forecast, the price…
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Brent oil prices settled near the $77.18 mark, with technical indicators showing signs of weakening positive momentum. This suggests a potential continuation of the primary bearish trend within the existing…
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June 4, 2024 – Brent oil prices have significantly surpassed the anticipated target of $80.08, continuing their downward trajectory to reach the $78.00 mark. The ongoing decline within the bearish…
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Brent oil prices have exhibited further downturns, yet have encountered a robust backing stemming from the breached resistance line within the bearish channel depicted on the chart. This support indicates…