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Brent crude oil prices have resumed their upward trajectory, firmly testing the $86.00 resistance barrier. This surge underscores the prevailing bullish trend in both intraday and short-term trading. Analysts anticipate further gains, targeting the next milestone at $87.67.
Technical indicators, notably the EMA50, bolster expectations of sustained bullish momentum. However, a breach below $84.77 could dampen this optimism, potentially triggering a corrective phase. In such a scenario, support levels near $82.45 would come into focus on a near-term basis.
Projected Trading Range
Support: $84.80
Resistance: $87.70
Related topics:
Brent Oil Price Holds Above Key Support Amid Positive Signals
