3
Brent oil prices have recently exceeded $72.00 and have settled above this threshold, signaling potential recovery on an intraday basis. Analysts indicate that the next target for Brent is $73.80. A breach of this level could open the door for further bullish corrections, with $75.24 identified as the subsequent target.
The outlook suggests a bullish bias for the upcoming sessions, although some sideways fluctuations may occur due to stochastic negativity. It is important to note that a decline in prices is likely if the $72.00 level is breached.
Today’s anticipated trading range is set between a support level of $71.40 and a resistance level of $74.40.
Related topic:
What Causes Algae in Diesel Fuel?
