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Brent oil prices have attempted to breach the $73.80 mark, managing to maintain stability above this level, which supports a continuing bullish trend. Starting positively today, prices are expected to test the initial target of $75.24. A successful breakout above this level could extend the corrective bullish wave, with $76.68 as the next target. Analysts predict a bullish outlook for the near future; however, if prices drop below $73.80, they may face negative pressure, potentially revisiting the $72.00 range.
Today’s expected trading range is between $73.20 as support and $76.20 as resistance.
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