Midday Update: Brent Oil Maintains Stability Amid Weak Trades

Throughout the morning, Brent oil prices have exhibited relatively weak trades while maintaining stability above the critical level of 77.44. This level represents a key condition for the anticipated continuation of the bullish wave expected for today. The positive scenario remains valid and active, with the projected targets starting at 79.60 and extending to 81.00.

For today’s trading, the expected range is between the support level at 76.50 and the resistance level at 79.70. The prevailing trend for today is considered bullish.

Traders are advised to stay vigilant and monitor price movements, particularly around the crucial support level, for informed decision-making as the day progresses.