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‌Current Market Outlook for Brent Crude Oil

Brent crude oil has gained upward momentum in recent days due to geopolitical developments. Continuing the recovery that began around the $70 mark, the price has settled above the $104 level.

Key Indicators

· Current Price: 104.79 USDT (daily change: +6.04%)
· Daily Range: 98.17 – 112.50 USDT
· 24-Hour Trading Volume: Approximately 80 million USDT

Technical Outlook

The price is trading above short-term moving averages and moving within a recent upward channel. A slight pullback was observed after testing the $112 level during the day; this can be interpreted as natural profit-taking following the rapid rise.

In the event of a downward move, the $98 range stands out as the primary support zone. If upward momentum continues, the $112 level could come back into play.

Oil price movements are expected to remain resilient against short-term geopolitical fluctuations. Close attention is being paid to the price sustaining levels above $100 and the implications of energy costs for inflation.

NFA ✔️
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Happy_2
8 minutes ago
How much upside is left ?
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Happy_2
8 minutes ago
Interesting 👀
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HighAmbition
10 minutes ago
How much upside is left ?
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YamahaBlue
2 hours ago
First Review
I’m watching 👀
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