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NewsSignals AI analysis·Reuters·

Brent oil may extend gains into $114.74-$116.49 range

Grade Bbullish AI signal$BRENT
Brent crude could extend its gains toward $114.74–$116.49 per barrel, with technical analysis pointing to further upside. A confirmed bullish flag suggests a potential target near $130, while support stands at $112.99 and a break below it could open a decline toward $110.91–$111.91. If bullish patterns hold, Brent could advance toward higher targets, although a loss of support may weaken the outlook.

Bullish strength: 75/100

  • Triangle and projection analysis indicate upside targets of $114.74–$116.49 per barrel.
  • A confirmed bullish flag points to a potential target near $130.
  • A rising channel identifies an additional target at $122.48.

Bearish strength: 25/100

  • A break below $112.99 support could trigger a decline toward $110.91–$111.91.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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