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Brent oil prices are experiencing a slight decline, influenced by negative stochastic momentum. However, the indicator is showing signs of shedding this negativity, which may pave the way for a resumption of the anticipated bullish trend. Key targets include a breach of $75.24, which would confirm a move toward $76.68.
The bullish trend is expected to remain intact as long as prices stay above $73.80.
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The anticipated trading range for today is between support at $73.40 and resistance at $76.40.
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Trend Forecast: Bullish
