3
Brent oil prices have decisively breached the $73.80 mark and closed the last four-hour candlestick above this level. This development supports the expectation of a continued bullish trend in the forthcoming sessions, with the price approaching the next target of $75.24. A further breach of this level could lead to a rally towards the next correctional target of $76.68.
The bullish trend is expected to persist throughout the day, provided that the price remains above $73.80. A decline below this level could shift the current trend.
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Today’s anticipated trading range is between a support level of $72.40 and a resistance level of $75.40.
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Trend Forecast: Bullish
