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Brent crude oil prices have exceeded our initial target of $80.65, closing the daily candlestick above this level. This achievement supports the continuation of the bullish trend for both the intraday and short-term outlooks, with the next target set at $82.15.
Current negative readings from the Stochastic indicator may lead to temporary sideways movement before the anticipated rise resumes. The bullish trend will remain intact as long as the price stays above $80.65.
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Today’s expected trading range is between $79.80 for support and $82.75 for resistance.
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Trend Forecast: Bullish
