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Brent crude oil prices surged past key resistance levels, with a strong rebound from $84.10 propelling it above $85.80. This move has halted the previously suggested bearish outlook, signaling a shift towards a bullish trend in both intraday and short-term trading.
The upward momentum is expected to target $87.05 and potentially reach $88.50 as the next positive milestones.
However, caution is advised as a drop below $85.80 could reintroduce bearish pressures and lead to renewed downside risks.
Today’s anticipated trading range spans between support at $85.00 and resistance at $88.00, indicating potential volatility ahead.
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