Brent oil prices failed to break the $72.06 level, but have shown positive movement at today’s open, setting the stage for potential gains in the coming sessions. The next target for the price is $73.90.
We anticipate further upward movement today, with a break above $73.90 pushing the price towards $75.36. However, if the price fails to hold above $72.06, it could halt the bullish trend and trigger a bearish wave, targeting $71.15, followed by $70.00.
The expected trading range for today is between support at $71.70 and resistance at $73.70.
Trend Forecast: Bullish
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