#brent #petrol The Abd-Iran tensions were also reflected in oil prices, and the 85 resistance was broken with a strong bearish candle. The weekly close came with a strong bullish candle.

The attacks between the US and Iran are still ongoing, so there is a possibility that the rise toward the 94–98 region will continue.
This level is an important resistance; unless there is no close above it, these rallies are corrective rallies. At the same time, a bearish 2-618 formation forms at the 94 level, and a decline could come.
Technically, when we look at the chart, a bearish double-top formation has formed. There is a possibility of the 2-618 forming; if these formations play out, another drop could occur and it could target the 58 level.
After some technically sharp statements, it still says there could be a possibility of peace.
I hope we get peace news as soon as possible.