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Brent oil has reached the anticipated target of $73.90, where it is currently stabilizing. A break below this level is expected to pave the way for further intraday losses, with the price potentially heading toward the $72.06 region. This movement is supported by the completion of a double top pattern, signaling the likelihood of a bearish rally.
The bearish outlook remains intact as long as the price stays below the $75.36 threshold.
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Expected Trading Range for Today: Support at $72.20 and resistance at $75.20.
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Trend Forecast: Bearish
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