3
Brent oil prices are showing positive momentum as they approach the key resistance level at $73.90. As mentioned earlier, this level, alongside the $72.85 support line, is crucial for determining the next direction in the market. The price needs to break through one of these levels to provide a clearer indication of the future trend.
Given the current uncertainty, we maintain a neutral stance for now. The potential price targets following a breakout are detailed in our morning report.
Advertisements
For today, the expected trading range for Brent oil is between $72.00 on the support side and $75.00 on the resistance side.
Advertisements
Trend Outlook: Neutral
You Might Be Interested In：
