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July 12th, Economies analysts’ latest views today: Brent oil prices rose yesterday, breaking through our expected target level of 78.90, and closing prices above this level, opening the way for short- and medium-term bullish markets.
The bullish channel shown on the chart further supports this view and our next target is 80.96.
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Therefore, expect to see more bullish bias in the coming sessions, supported by EMA50.
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It should be noted that the continuation of the bull market needs to remain above 78.90. Today’s expected trading range is 78.20-81.20.
