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Brent crude oil prices experienced downward pressure yesterday, testing the $71.16 level. However, the price has since rebounded and is now aiming to achieve intraday gains, with a first corrective target set at $73.57.
Given this trend, a bullish outlook is anticipated for today. Should the price fall below $71.16, it would negate the current bullish scenario and could lead to further losses in both the short-term and medium-term.
The anticipated trading range for today is between a support level of $71.00 and a resistance level of $74.00.
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