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Brent oil prices have risen significantly, reaching the 73.90$ level, supported by positive stochastic signals that increase the likelihood of a breakout above this level. If this occurs, the price is expected to target higher levels, with the next major target set at 75.00$.
Bullish Scenario Remains Valid
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The bullish outlook remains intact for today, provided the price holds above the critical support level of 73.10$.
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Today’s Trading Range
Support Level: 72.00$
Resistance Level: 75.00$
Trend Forecast: Bullish
The trend is expected to remain bullish as long as Brent oil prices stay above 73.10$, with a potential for further gains toward 75.00$.
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