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News 2026-10-07 01:11 UTC

Brent oil may extend bounce into $102.54-$104.02 range

Brent oil may extend its bounce into a range of $102.54-$104.02 per barrel, according to technical analysis. A retracement reveals the current wave has traveled above resistance at $101.06, with the next resistance at $102.54. A break above $102.54 could open the way towards $104.02-$105.85. A break below $102.54, now