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Brent oil prices experienced notable gains yesterday, nearing the anticipated target of $75.24. However, a slight bearish bias emerged, influenced by negative stochastic indicators. Market analysts await a positive catalyst to propel prices upward, potentially surpassing the $75.24 mark and aiming for a subsequent target of $76.68.
Despite this bullish outlook, it is crucial to note that a drop below $73.80 would invalidate this positive scenario, prompting a potential decline.
For today, traders can expect prices to fluctuate within a range of $73.40 support and $76.40 resistance.
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