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Brent oil prices have shown a bullish rebound after approaching the $72.06 level in previous sessions, positioning the commodity for potential intraday gains. The immediate resistance level is at $73.90, and a break above this level could pave the way for further upward movement, targeting $75.36 as the next positive objective.
Given the current price action, a bullish trend is expected for today. However, a drop below $72.06 would negate the positive outlook, leading to a potential decline toward the $71.00 level as the next support.
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The expected trading range for today is between $72.10 support and $75.10 resistance.
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Trend Forecast: Bullish
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