
Technical Analysis of Brent Oil – 30th dec to 3rd jan
Brent Crude Oil Technical Analysis – Daily Timeframe Daily Timeframe Analysis Brent crude oil continues to oscillate within its range, as it has in recent weeks, and it remains to be seen which direction it will ultimately break. Primary Scenario: If Brent surpasses the resistance at $74.739, it could move toward the next target at $76.596. Alternative Scenario: If the primary scenario does not materialize and Brent breaks below the support at $71.129, it is expected to drop further to the next support at $69.079. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe Primary Scenario: A breakout above $74.739 will