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Brent Oil Prices Achieve the Initial Bullish Target

by Jennifer

Brent oil prices have successfully reached our anticipated initial bullish target at 91.30 and are currently striving to re-enter the primary bullish channel. This is in line with our expectations for further gains in the short-term and intraday perspectives. The next destinations include 92.60, followed by 94.00 levels.

The bullish trend is poised to continue in the forthcoming sessions, supported by the completion of a double bottom pattern on the price chart. It’s worth noting that maintaining levels above 90.30 is a critical condition for achieving our suggested targets.

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For today, the expected trading range is likely to be between support at 90.00 and resistance at 93.00, and the prevailing trend remains bullish.

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