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Brent crude oil prices opened lower today, moving towards a new target of $77 per barrel. Analysts anticipate that the bearish trend will persist, potentially driving prices to test recent lows around $75.78.
The decline is supported by the EMA50 indicator, which is generating negative pressure conducive to further decreases. For the bearish trend to remain valid, prices must stay below the $78.80 threshold.
Today’s trading is expected to fluctuate between a support level of $75.60 and a resistance level of $78.60.
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