Brent Forecast 9/8/2024
Hi All,
Today is Friday, normally not expecting a big move from oil, however we do have some target prices ready and prepared for a move.
Since the overall price action is bullish, we expect target prices 79.2 and 79.6 to be hit today or next week when it breaks above the resistance line.
When the buy volume is not there, we can expect a retracement when it can break the orange support line to 78.1 and lower when there is strong volume.
Have an enjoyable weekend!
Today is Friday, normally not expecting a big move from oil, however we do have some target prices ready and prepared for a move.
Since the overall price action is bullish, we expect target prices 79.2 and 79.6 to be hit today or next week when it breaks above the resistance line.
When the buy volume is not there, we can expect a retracement when it can break the orange support line to 78.1 and lower when there is strong volume.
Have an enjoyable weekend!
Trade closed: target reached
Target price of 79.2 hitTrade closed: target reached
Target price 79.69 hit also
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.