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In the analysis of Brent oil prices, notable positive trades have been observed, bringing the price closer to the initial awaited target at $87.40. Despite a present negativity in stochastic indicators, the price commences the day with a bullish bias, poised to resume the anticipated trend.
Should the price surpass $87.40, it is likely to advance towards $88.40 as the subsequent positive milestone.
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Key Support and Resistance Levels:
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– Support: $85.60
– Resistance: $88.60
Trend Forecast: Bullish
