Brent Oil Price Shows Strong Gains, Rejoins Bullish Channel

Brent oil price demonstrated notable strength in recent trading, surpassing the 92.30 level. This development confirms a return to the bullish channel and reactivates the positive scenario, setting the stage for potential targets at 95.00 and 96.05.

The EMA50 provides support from below, reinforcing the sustainability of the suggested bullish trend. The bullish outlook remains valid as long as the price maintains stability above 92.40.

In terms of today’s trading, the expected range is between the support at 92.30 and the resistance at 95.50. The prevailing trend is bullish, and traders should align their strategies accordingly.