Technical Analysis of Brent Oil (Daily Timeframe) As mentioned in the main scenario of last week’s analysis, oil continued its decline and moved exactly to the $69.114 zone. From this area, a temporary but not very strong rebound occurred. It remains to be seen whether this reversal will complete in the coming week or if the decline will continue. Main Scenario (Higher Probability): Given that the slope of the decline remains steep and the $69.114 support level has been breached, it is expected that oil will move upward to the $72.423 zone to complete a pullback. After that, the downward trend

Technical Analysis of Brent Oil (Daily Timeframe) Technical Analysis of Brent Crude Oil (Daily Timeframe) As mentioned in the primary scenario of last week’s analysis, Brent crude lost the $74.452 zone and moved towards the $73 – $72.423 range, where it temporarily found support. Now, the key question is whether the price will rebound from these critical levels or not. 🔹 Primary Scenario (Higher Probability):Given the bearish momentum and the ATR of the bearish candles, the decline is expected to continue. If Brent breaks below the $72 level, it may further drop towards the $71.136 support and possibly reach $69.114. 🔹

Technical Analysis of Brent Oil (Daily Timeframe) Over the past week, Brent oil was rejected from its current level of $74.452—a level that had been highlighted in previous analysis. However, on its final trading day, the price experienced a strong plunge and returned to that level. The next move during this week will depend on the body and close of that last candle. Primary Scenario (More Likely):Based on the close of the last candle, it is expected that the current bottom at $74.452 will break. In this case, oil may move downward toward the range of $73 to $72.152. If this

Technical Analysis of Brent Oil (Daily Timeframe) In the past week, despite starting the trading week with an upward movement, Brent crude oil failed to break through the $77.729 resistance zone. As a result, it retraced towards its previous support range of $74.649 to $74.470. Main Scenario (Higher Probability):Considering the significant price zone where oil is currently positioned, it is expected that after some range-bound movement, it will be rejected from this area ($74.470 – $74.649) and move towards its previous high of $77.729. If it successfully breaks and stabilizes above this level, the next target will be $79.829. Alternative Scenario

Technical Analysis of Brent Oil (Daily Timeframe) Technical Analysis of Brent Crude Oil (Daily Timeframe) In the past week, Brent crude oil failed to maintain support at the critical level of $76.045 and moved toward lower levels, reaching the previously mentioned zone at $74.743. Given the sharp decline, the key question is whether the price can find support at this level and rebound upwards. Main Scenario: If Brent crude finds support at the current level of $74.743 and reverses upwards, breaking above $76.929, it could target its last peak at $82.818. Alternative Scenario: If this support fails and the price breaks

Technical Analysis of Brent Oil (Daily Timeframe) In the past week, Brent crude oil continued its correction and moved towards the key broken zone around $76.594. Main Scenario: Given the critical zone where oil is currently positioned, along with the formation of two candlesticks in the last two trading days, a reversal is expected from this area, leading to a movement towards the last peak at $82.817. Alternative Scenario: If the above scenario does not materialize and Brent crude breaks and stabilizes below $76.594, it may decline further towards $72.112. Technical Analysis of Brent Oil (4H Timeframe) Main Scenario: If oil

Technical Analysis of Brent Oil (Daily Timeframe) Brent oil, after reaching the critical level of $82.818, started a correction last week and reached the significant level of $78.141 on the last trading day. It is likely that this week, it will complete its pullback. Primary Scenario: Brent oil may complete its pullback from the current level of $78.141 or $76.045 and move towards the resistance levels of $82.818 and then $86.129. Alternative Scenario: If sellers dominate the market significantly and the $76.045 level is broken, the next support at $74.743 could serve as a potential reversal point. However, if this level

Technical Analysis of Brent Oil (Daily Timeframe)  In the past week, Brent oil continued its upward trend, similar to the previous week, reaching the resistance level of $82.77. However, the price growth stalled at $80.91 during the last two trading days. Main Scenario: Considering the breakout above the significant resistance level of $81.63, it is expected that after a brief price or time correction, the upward trend will resume. Once the price breaks and stabilizes above the $81.63 level, Brent oil could target the $86.80 area and then $88.56. Alternative Scenario: If the price reverses downward, the first significant support at

Technical Analysis of Brent Oil (Daily Timeframe) As expected and highlighted in last week’s analysis, Brent crude oil managed to reach the next significant resistance level of $80.195 after breaking and stabilizing above the critical $76.59 zone. Main Scenario: Considering the strong breakout from the range and the subsequent upward momentum, Brent crude oil could initially target $81.702, followed by $83.058, and potentially even higher levels after a slight price correction. Alternative Scenario: If Brent crude fails to break through the critical $80.195 zone and drops below the key support level of $75.975, it could move down towards the $74.111 range.

Brent Crude Oil Technical Analysis – Daily Timeframe  resistance level, reaching the $76.596 range. Main Scenario: Given the breakout above the significant $76.596 area, if Brent consolidates above this level in the coming week, it is expected to target the $80.171 range. Alternative Scenario: If Brent fails to hold above the $76.596 area, it may retreat below this level, potentially declining to the $74.727 range Technical Analysis of Brent Crude Oil – 4-Hour Timeframe  Main Scenario: Considering the strong 4-hour candle close above the $76.596 area, there is a high probability that Brent Crude Oil will move towards the $79.313 range.