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Brent crude oil prices have reached the first target of $71.60, where they have encountered strong support. This support level has prompted the beginning of a potential bullish trend on an intraday basis. If the price continues to rise, positive targets are expected to be set, starting at $73.56 and potentially extending to $75.05, provided it surpasses the initial level.
For today, a bullish outlook is anticipated. However, if the price falls below $71.40, the upward momentum may be halted, potentially leading to a resumption of the main bearish trend.
The anticipated trading range for today is between $71.30 on the support side and $74.20 on the resistance side.
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