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Brent crude oil prices have decisively surpassed the $78.80 mark and closed above it, halting recent negative trends and setting the stage for a potential bullish wave. The immediate target for this upward movement is the $80.65 level.
In the coming sessions, a bullish outlook is anticipated, although initial sideways fluctuations may occur due to stochastic negativity. A drop below $78.80 could reverse the bullish trend and reintroduce downward pressure.
Today’s trading range is projected between $78.20 support and $81.10 resistance.
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