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BRENT down till $79.80

UKOIL Brent Crude Oil: Technical Analysis – Rising Wedge Pattern and Key Levels Brent Oil is currently consolidating within a rising wedge pattern, accompanied by declining volume, which suggests weakening bullish momentum and increasing potential for a directional breakout. Given this setup, traders should closely monitor price action at current levels: Bearish Scenario: A decisive breakdown below the wedge support is expected to drive crude oil prices lower toward the $100 level. Bullish Scenario: An upside breakout above the wedge resistance could propel prices toward the $114–$115 zone. The declining volume within the rising wedge reinforces the significance of the upcoming breakout, making this a critical observation point for both directional bias and risk management.

UKOIL The Brent Crude 15-minute chart for Thursday, April 9, 2026, shows a market struggling to find its footing after a massive structural breakdown. The bears are maintaining a strong presence as the price remains pinned under key resistance zones. Technical Breakdown: Pressure at the Pivot The Resistance Wall: Brent is currently trading at 82.35, facing heavy rejection near the 84.34 Pivot and the 83.15 Sell Reversal line. Institutional Signal: A high-precision Sell Signal @ 85.00 was triggered earlier in the session, marking the start of this downward acceleration. Downside Road Map: Immediate Support: 81.54 (Buy Reversal). The Break Down Magnet: 79.25. Major Targets: 74.88 and 72.63. Recovery Barriers: Immediate Ceiling: 83.15 (Sell Reversal). Primary Pivot: 84.34.

BRENT Brent Crude Oil is showing a strong recovery and is currently testing a major psychological barrier. Technical Analysis (The Bullish Push) The Master Signal: A high-precision "Buy" signal was triggered at 104.285. Current Momentum: The price is aggressively climbing and is currently trading at 106.33, hovering just below the major 106.718 Pivot. Immediate Hurdle: The 106.718 Pivot is the "make or break" level. A decisive close above this will confirm the bullish reversal toward the 109.70 Sell Reversal line. Bullish Targets: Once the pivot is cleared, the next targets are the 113.33 Breakout level, followed by long-term targets at 117.56 and 120.00. Support Floor: The trendline and the 102.44 Buy Reversal zone now act as the primary safety net for bulls.

UKOIL The global benchmark has skyrocketed to nearly $112 per barrel as of March 19, 2026, driven by an explosive "Energy War" in the Middle East. Technical Breakdown (Short) Price Action: Brent jumped over 4.6% in early trade today, currently holding near $111.07. Key Resistance: The immediate psychological ceiling is $115. A breach here could send prices spiraling toward the conflict peak of $120. Support Zone: $107.40 (previous close) is now the primary support. If the war premium unwinds, a retreat toward $90 is possible, but currently unlikely. Impact on India: For every $1 increase in Brent, Indian Oil Marketing Companies (OMCs) like BPCL and HPCL see an annual EBITDA decline of ₹200–₹300 crore. The "Energy War" Catalyst Direct Infrastructure Strikes: Brent prices surged after an Iranian retaliatory strike caused "extensive damage" to Qatar's Ras Laffan industrial city, the world's largest LNG hub. Retaliation Cycle: This followed an Israeli attack on Iran's South Pars gas field, marking a shift where energy installations are no longer "off-limits". Strait of Hormuz: Maritime traffic has nearly halted through this vital chokepoint, through which roughly 20% of the world’s oil typically flows.

BRENT Trend Structure (Big Picture) From 2022 high (~131) crude entered a long correction phase. Price kept making lower highs and lower lows until early 2026. Recently price bounced strongly from the major demand zone near 58–60. Now price has broken the falling trend structure and moving averages. 📈 This indicates a trend reversal attempt. 2️⃣ Key Support & Resistance Levels (from your chart) Level Importance 131.26 Major historical resistance 122.80 Supply zone 113.66 Strong resistance 95.37 Immediate breakout resistance 81.79 Key support / breakout zone 58.48 Major demand zone

UKOIL may see Boom!!!!!!!!!!!!!!

BRENT long way to go near term retrace 67.20 buying opportunity sl near 64.80 Target 70.20/72.40/74.80

BRENT The one who are shorting is real legend

BRENT any views on Brent