Brent Oil Price Breaks Through Resistance, Setting Eyes on Further Gains

by Jennifer

Brent oil price concluded the recent session above the $77.44 level, signaling an inclination toward additional upward movement on the intraday horizon. The trajectory suggests an imminent visit to $80.30, followed by $81.00 as the subsequent key targets.

The reinforcing support from the EMA50 further fortifies the positive outlook. It’s crucial to monitor the breach of $77.44, as such an occurrence could impede the current bullish trend, potentially prompting a return to the primary bearish trajectory.


The projected trading range for today is poised between support at $77.00 and resistance at $80.00.


Anticipated Trend for Today: Bullish

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