Brent crude oil prices have regained upward momentum, distancing from the $82.40 level. Analysts anticipate a continuation of the bullish trend throughout the trading day. Stochastic indicators also signal a positive convergence, further bolstering the optimistic outlook. The next anticipated targets stand at $83.70 and $84.77, contingent upon prices maintaining above $82.40.
Regarding trading ranges, support is expected around $81.10, with resistance noted at $84.00.
Trend Analysis: Bullish Outlook Continues
In summary, Brent oil is poised to sustain its upward trajectory, with resistance seen around the $84.00 mark.