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Brent Oil Price Keeps Rising – June 28, 2024

by Jennifer

Brent oil prices are currently experiencing new positive trades, moving away from the $86.00 barrier. This movement supports the continuation of the anticipated bullish trend on both the intraday and short-term basis. The next target is set at $87.67, with a breach of this level potentially driving the price towards the main target of $89.50.

In line with this outlook, we maintain our bullish trend forecast for the upcoming period, emphasizing the importance of holding above $84.77 to achieve the expected targets.

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For today, the expected trading range for Brent oil is between the support level of $85.20 and the resistance level of $88.20.

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Trend Forecast: Bullish

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