Brent Oil H1 | Potential bounce off a multi-swing-low supportBrent Oil (UKOILSPOT) is falling towards multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 64.42 which is multi-swing-low support that aligns with the 78.6% Fibonacci retracement.
Stop loss is at 63.70 which is a level that lies underneath a pullb
XBR/USD Chart Analysis: Oil Price Rises to Key ResistanceXBR/USD Chart Analysis: Oil Price Rises to Key Resistance
Yesterday, the price of Brent crude climbed above $65.60 — the highest level in over a week.
According to media reports, several bullish factors are driving this move:
→ Stalled negotiations between the US and Iran over abandoning Iran’s n
Crude oil surges despite OPEC supply hike: breakout coming?Crude oil prices jumped over 3.5% from Friday’s low, even as OPEC announced a major supply increase of 411,000 barrels per day starting July. The market expected more, and when that didn’t happen, prices bounced. Technically, oil remains in a triangle pattern, but signs of a breakout are emerging. I
Brent intra-day Analysis 04-Jun-25Explaining the reasons for Oil gapping up during this weekly open, in addition to going over the possible scenarios we could have for the upcoming sessions.
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Brent Oil Breakout Heist – Bullish Robbery in Progress!🕶️ Brent Oil Job in Motion – Market Robbery Blueprint by The Chart Bandits 💼💸
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We’ve got eyes on the UK Oil Spot / Brent Energy Market – and this time, it’s a clean bre
Brent Crude Oil INTRADAY resistance at 6700Trend: Overall bearish sentiment continues, in line with the dominant downtrend.
Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines.
Key Levels
Resistance:
6700 – Main resistance and pivot level.
Above that: 6860, then 7000 – Upside targets
XBRUSD is moving within the 62.30 - 65.75 range👀 Possible scenario:
On June 4, Brent crude oil dropped over 1% to below $64 per barrel after Saudi Arabia signaled plans to push OPEC+ for an output increase of at least 411,000 barrels per day in August and possibly September to capture market share during peak summer demand. This follows a modest
Brent Crude INTRADAY key resistance retest at 6700Trend: Overall bearish sentiment continues, in line with the dominant downtrend.
Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines.
Key Levels
Resistance:
6700 – Main resistance and pivot level.
Above that: 6860, then 7000 – Upside targets
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.