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Brent Crude is already 2% up at the weekly open, showing strong bullish momentum to kick off the week. The market is reacting to rising geopolitical tensions, and this could be just the beginning of a volatile week.
US market hasn't opened yet, so the biggest moves may still be ahead. If tensions between the US and Iran continue to escalate or new strikes are reported, oil prices could see another strong leg higher.
From the chart, $BZ is holding well above 87, which remains the key support level. As long as buyers defend this zone, the bullish structure stays intact. Price is now approaching the 89–90 resistance zone, where we could see some profit-taking or a breakout attempt.
If bulls successfully push above 90, we may see a move toward 92–95 later this week. However, if price gets rejected around the resistance zone, expect short-term volatility before the next directional move.
Support: 87.00
Resistance: 89.00 – 90.00
Bullish Targets: 90 → 92 → 95
As long as Brent holds above 87, buyers remain in control. A break below this level could weaken the bullish momentum and trigger a deeper pullback.
This week could offer plenty of opportunities for traders. Stay patient, follow the news closely, manage your risk, and let the market come to you.
Make this opportunity to make a few bucks... but remember, protecting your capital is always the first priority.