Brent Crude OilLong
Brent Crude Oil: Long-Term Bullish Bias
Brent Crude Oil has been consolidating for months, forming a strong base of support. Recently, we’re seeing a push to the upside, signaling the potential start of a new bullish trend. Additionally, the ongoing sanctions on Russian oil by the USA could significantly cut down supply, creating upward pressure on prices.
With this momentum and geopolitical factors in play, my long-term bias remains bullish as we may see price breaking out of consolidation and targeting higher levels.
With this momentum and geopolitical factors in play, my long-term bias remains bullish as we may see price breaking out of consolidation and targeting higher levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.