Brent Crude Oil Technical Analysis – Daily Timeframe Brent oil continues its downward trend while remaining below the 200-day moving average. A price drop to the 68.255 level is likely. If the price declines further, the 67.775-65.883 range presents valuable areas for initiating buy trades. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe There is a possibility of price decline to the 68.975 level. If price support holds in this area, buy positions can be entered with confirmation. The first target for buy trades is at 73.208, and if this area is broken upward, the next target would be 78.439.

Brent Crude Oil Technical Analysis – Daily Timeframe In the daily time frame, as long as prices remain above the 75.18 area, there is a potential increase to higher levels of 82.43 and 84.99. If prices drop to 75.8, confirmation can be used to enter buy positions aiming for higher targets. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe In the 4-hour time frame, after hitting the higher time frame supply zone, Brent Oil has corrected, and we expect a price drop to the 75.18 level. If this support level is lost, the next range will be 73.61 and 71.72,

Brent Crude Oil Technical Analysis – Daily Timeframe On the daily timeframe, oil has shown upward momentum after reaching the weekly rejection block and reacting to war news, rising to $79. We expect a price correction to around $73.33 and then another increase to $81.117. The red areas marked are considered valuable for entering sell trades. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe In the 4-hour timeframe, oil has shown upward momentum. If it breaks the trading knot at 77.210, we expect a price drop to the 74.457 area, and if the price breaks the 73.54 low, we foresee

Brent Crude Oil Technical Analysis – Daily Timeframe Brent has reached the bottom of a descending channel in the daily time frame. After a price increase and a Change of Character (ChoCH) around the 74.631 level, the price structure has shifted. There is a possibility of a price drop to 68.624 followed by a renewed increase toward the 76.820 area.  If the price reaches the red zones on the chart, sell positions can be considered. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe In the 4-hour time frame, oil has the potential to increase in price toward the 73.182 area,

Brent Oil Analysis (Daily Time Frame) In the daily time frame, Brent oil is within a descending channel. After reaching the weekly order block, it has rejected and gained upward momentum, now moving towards the next supply zone. We expect the price to rise towards the 78.8 – 80.56 area, where a potential price reaction and decline could occur. For buy positions, the 71.7 – 70.96 range presents an ideal entry point, as it could act as a support zone for a bullish move. Brent Oil Analysis (4-Hour Time Frame) Brent oil has entered the weekly order block in the 4-hour time

Brent Crude Oil Technical Analysis – Daily Timeframe Brent oil, after experiencing a significant decline last week, reached the lower of its descending channel in the daily time frame. Upon encountering the static support zone and the lower of the descending channel, it rebounded to the price level of $70. Major supply and demand zones are marked with a blue box. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe In the 4-hour time frame, oil has experienced an increase in value after breaking out from the lower of its descending channel. It encountered the demand zone in the daily time

Brent Crude Oil Technical Analysis – Daily Timeframe Brent crude oil, in the daily time frame, has reached its daily demand zone within a descending channel. If support is found in this area, it may be able to rebound to higher levels. Conversely, if the demand zone is lost, we can expect selling pressure from traders. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe Oil faced selling pressure from traders upon reaching the supply zone of $81 near the higher of the channel, following a loss of the range’s lower. Currently, it is oscillating within the daily demand zone. If

Brent Crude Oil Technical Analysis – Daily Timeframe Oil is fluctuating within a descending channel on the daily time frame, and over the past week, it has not experienced any new highs or lows. Technical Analysis of Brent Crude Oil – 4-Hour Timeframe Oil is fluctuating within a descending channel on the 4-hour time frame. After hitting the upper boundary of the channel, it has undergone a correction and is now approaching the support zone at $75 and the lower boundary of the channel. Given the strength of the downward trend, the short-term outlook for oil remains bearish. We should wait

Brent Crude Oil Technical Analysis – Daily Timeframe As observed in the daily chart for Brent crude oil, the price of this commodity is fluctuating within a defined descending channel. The $85 price range, coinciding with the top of the descending channel and a strong supply zone, acts as a key resistance level for traders. The convergence of these two factors significantly increases the likelihood of a negative price reaction in this area. If the price reaches this level and fails to break through, we can expect a price correction towards the lower of the descending channel. Technical Analysis of Brent