Brent Oil Extends Robust Gains, Targets New Highs

Brent oil experienced a substantial and rapid upward surge in recent sessions, successfully breaching the 81.00 level and establishing itself above this mark. The current trend indicates a continuation of bullish dominance on the intraday basis, with expectations for further gains. The next upside targets are projected at 82.25 and 83.87.

The bullish bias is anticipated to persist in the upcoming sessions unless a break below 81.00 occurs and is sustained.

For today, the anticipated trading range is between the support level at 80.20 and the resistance level at 83.30.

Today’s Trend: Bullish