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Brent crude oil prices have resumed an upward trend following a period of downward pressure in recent sessions, with the price stabilizing above the $75.36 mark. This shift supports a positive outlook, setting $76.84 as the next target. Analysts note that if prices break through this level, they could reach the $78.66 area in the near term.
However, a dip below the $75.36 threshold could signal a renewed downturn, potentially pushing prices toward the $73.90 level as the next negative target.
Today, Brent oil’s expected trading range is between $74.30 as support and $77.30 as resistance.
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