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Brent oil prices experienced a significant increase yesterday, surpassing the first target of $78.66 and reaching the second target of $80.00. Analysts suggest that this upward trend is likely to continue, with a potential to achieve the recently recorded high of $81.61 as the next primary target.
The bullish trend remains active, although some sideways fluctuations may occur due to stochastic negativity. It is important to note that for this bullish wave to persist, prices must maintain levels above $78.66.
For today, the expected trading range is projected to be between the support level at $78.20 and the resistance level at $81.20.
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