Brent oil prices have exhibited mixed trading patterns since yesterday, fluctuating around $82.40 as they anticipate resuming a bullish trend on an intraday basis. The expected upward movement targets $83.70 initially, followed by $84.77 as the next significant milestones. This bullish outlook is supported by clear positive signals from stochastic indicators.
It is important to note that maintaining the bullish trend requires the price to stay above $82.40. Should the price fall below this level, it is likely to enter a downward trajectory, targeting $81.20 initially, followed by $80.08.
Expected Trading Range
Support: $81.10
Resistance: $84.00
Related topics:
Brent Oil Prices Show Bullish Momentum, Eyeing Key Resistance at $82.40
Brent Oil Price Inches Closer to Anticipated Target Before Reversal
