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Brent oil prices have been trading within a narrow range since this morning. The bullish outlook remains intact as long as the price stays above $72.00. The focus is on gaining positive momentum to drive the price towards short-term targets, beginning at $73.80 and extending to $75.24.
Today’s anticipated trading range is between a support level at $71.30 and a resistance level at $74.30.
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Trend Forecast: Bullish
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