Brent Crude Oil Technical Analysis – Daily Timeframe
Main Scenario: If the price breaks and stabilizes above 76.105, the price is likely to continue rising toward 79.50.
Alternative Scenario: If the resistance at 76.064 holds, the price may decline toward the 68.425 range.
Technical Analysis of Brent Crude Oil – 4-Hour Timeframe
The price is currently within a range-bound consolidation. A divergence at the top of the range indicates two possible scenarios:
Main Scenario: We expect a price decline toward 71.760. If confirmation is received, a buying position could be considered targeting 76.847.
Alternative Scenario: If the price rises to the top of the range, a liquidity hunt could occur, followed by a price drop and a potential sell trade targeting 70.658.
Technical Analysis of Brent Crude Oil – 15-Minute Timeframe
Main Scenario: Given that the price is within a trading range, if the 73.176 level holds, the price could rise toward the 75.850 range.
Alternative Scenario: If the support at 73.176 is broken, the price may decline toward the 72.149 level.
This analysis highlights key levels and scenarios for Brent Crude Oil, offering potential entry and exit points based on the current market structure.