Brent Crude Oil, Technical Analysis – H4
The Brent oil market has entered a flat consolidation phase, trading above the $72.00 level without clear bullish reversal signals.
The Brent oil market has entered a flat consolidation phase, trading above the $72.00 level without clear bullish reversal signals. While an unfilled gap remains in the $88.00 area, it does not appear to be an immediate target. That said, given the ongoing tensions in the Strait of Hormuz, any scenario remains possible. Technically, the more probable near-term development is a retest and potential breach of recent lows.
Key Levels:
□ $72.00 (key support)
□ $76.00 (range resistance)
Primary Scenario:
Continuation of consolidation within the horizontal range between $72.00 and $76.00.
Alternative Scenario:
Breakdown below $72.00.
Analyst Commentary:
The market remains highly sensitive and vulnerable to fundamental macroeconomic drivers. Stay alert and keep your finger on the pulse.
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.