Brent crude oil prices have shown upward movement in recent intraday trading as they attempt to break through the critical resistance level at $73.60. The price is supported by trading above the 50-period simple moving average (SMA) and is benefiting from the short-term upward correctional trend.
Additionally, the Stochastic oscillator has reached oversold levels, signaling a potential positive divergence, which strengthens the bullish momentum for the price as it seeks to breach this key resistance level.
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