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Brent 21.3.2025
General Trend:
The price is moving in a short-term uptrend, trading near the ascending trendline, which acts as dynamic resistance. The price is facing resistance at 72.44, while the nearest support is at 71.34.
Expected Scenario:
Bullish Scenario:
Holding above 71.34 may lead to a retest of 72.44.
If 72.44 is broken, the price may extend gains toward 73.00 and then 73.50.
Bearish Scenario:
A break below 71.34 may push the price down toward 69.89.
Further decline below 69.89 could increase bearish pressure toward 68.50.
Key Levels:
Resistances: 72.44 - 73.00 - 73.50
Supports: 71.34 - 69.89 - 68.50
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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