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Brent oil prices are currently experiencing negative fluctuations as they attempt to continue the anticipated bearish trend. The next key level to watch is $71.60; breaking below this support could drive prices toward the main target of $70.00.
Maintaining prices below $74.30 is crucial for achieving the bearish targets. A breach above this level could trigger short-term recovery efforts, with the price potentially rising to test the $75.80 area before any further decline.
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The expected trading range for today is between $71.50 and $74.40.
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Trend Forecast: Bearish
