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Brent oil is attempting to breach the $73.90 level, which is crucial for supporting the positive scenario projected for today. A successful consolidation above this level is expected to pave the way for the next target at $75.36.
However, if the price fails to hold above $73.90, it could trigger an intraday bearish wave, potentially driving the price towards $72.06 as the initial downside target.
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Expected Trading Range:
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Support: $72.20
Resistance: $75.20
Trend Forecast: Bullish
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