Latest Articles

EUR/USD Price Forecast Update – November 6, 2024

The EUR/USD pair has decisively broken below the 1.0760$ level, reaching our initial target of 1.0700$ and reinforcing expectations of further bearish movement throughout...
HomeLatestBrent Oil Price Forecast Update - November 8, 2024

Brent Oil Price Forecast Update – November 8, 2024

Brent crude oil is experiencing downward pressure, having broken below the $75.36 level, and is expected to continue facing bearish sentiment for the remainder of the day. The next key target for the decline is $73.90.

Given this bearish momentum, a negative outlook is anticipated for the coming sessions. However, if the price manages to reclaim and stay above the $75.36 level, it could signal a potential recovery, with the next resistance target at $76.84.

For today’s trading, the expected range is between the $73.90 support level and $76.50 resistance.

Trend Outlook: Bearish

Related topics: