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Brent oil prices have strongly breached the $80.65 level, reactivating a positive outlook on an intraday basis. The price is now on track to test the $82.15 mark as the first target, with further potential to reach $83.66 in the near term if it surpasses this level.
The EMA50 is providing additional support, reinforcing the expectation of continued gains in upcoming sessions. However, a break below the $80.65 level could halt the bullish momentum and shift the price toward a decline.
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The expected trading range for today is between the $80.00 support and $83.00 resistance levels.
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Trend Forecast: Bullish
