Brent Oil Price Analysis:
Brent oil prices have convincingly surpassed the critical level of $82.45 and concluded above it, signaling an emergence from the correctional bearish trend and setting the stage for an anticipated bullish trajectory.
Expected Scenario:
The subsequent target is identified at $84.77, with the potential for further upward movement towards $87.67 upon breaching this threshold. Today’s bias favors bullish sentiment, although intermittent sideways fluctuations may occur due to stochastic negativity. A breach below $82.45 would impede the anticipated ascent and could instigate a decline in prices.
Expected Trading Range:
The anticipated trading range extends from the support level of $82.10 to the resistance level of $85.10.
Trend Forecast: Bullish
