Brent crude oil prices are currently showing some bearish sentiment, but the market is awaiting positive momentum that could help resume the expected bullish trend. The immediate target for the price is $75.36, and if this level is surpassed, the bullish momentum could extend toward $76.85.
For the continuation of the upward trend, it is crucial for prices to stay above the key support level of $73.90. A breach of this support could signal a decline, with potential downside towards $72.06 in the near term.
The anticipated trading range for today is between support at $73.10 and resistance at $76.10.
Trend Forecast: Bullish
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