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Brent oil prices have clearly breached the $72.06 mark, closing above this level yesterday. The commodity is now showing signs of recovery, with an upward trajectory on an intraday basis as it aims to test the $73.90 resistance level. Should this level be surpassed, analysts anticipate additional gains, potentially reaching as high as $75.36.
The prevailing bullish trend is expected to continue today, provided that prices do not fall below the $72.06 threshold again.
For today, the anticipated trading range for Brent oil is set between a support level of $71.50 and a resistance level of $74.50.
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