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Brent crude oil prices have surged past the $80.65 mark, renewing the potential for further gains on an intraday basis. The next key resistance level to watch is $82.15, and surpassing this threshold could propel the price towards $83.66 in the near term.
Support from the 50-period Exponential Moving Average (EMA50) strengthens the likelihood of continued upward momentum in the coming sessions. However, a decline below $80.65 could halt the current bullish trend and shift the price trajectory towards a downward correction.
For today, the anticipated trading range is between $80.00 for support and $83.00 for resistance.
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