Brent Oil Prices Achieve the Initial Bullish Target

Brent oil prices have successfully reached our anticipated initial bullish target at 91.30 and are currently striving to re-enter the primary bullish channel. This is in line with our expectations for further gains in the short-term and intraday perspectives. The next destinations include 92.60, followed by 94.00 levels.

The bullish trend is poised to continue in the forthcoming sessions, supported by the completion of a double bottom pattern on the price chart. It’s worth noting that maintaining levels above 90.30 is a critical condition for achieving our suggested targets.

For today, the expected trading range is likely to be between support at 90.00 and resistance at 93.00, and the prevailing trend remains bullish.