By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow the expected bullish scenario and finally broke above the psychological $90 level, reaching as high as $91.5.
Currently, Brent Oil is trading around $88 after a minor correction. In my view, this pullback may remain temporary, and if buyers step in again, we could see another bullish move toward higher levels.
The nearest demand zones are located around $86 – $88, followed by stronger support between $82 – $84. On the upside, the next targets to monitor are $92, followed by $95, $98, and then the major psychological level at $100.
If geopolitical tensions continue and supply risks remain elevated, targets above $100 may not be far out of reach. For now, my broader bias remains bullish after this short-term correction.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Currently, Brent Oil is trading around $88 after a minor correction. In my view, this pullback may remain temporary, and if buyers step in again, we could see another bullish move toward higher levels.
The nearest demand zones are located around $86 – $88, followed by stronger support between $82 – $84. On the upside, the next targets to monitor are $92, followed by $95, $98, and then the major psychological level at $100.
If geopolitical tensions continue and supply risks remain elevated, targets above $100 may not be far out of reach. For now, my broader bias remains bullish after this short-term correction.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Сделка активна
The previous bullish view is still valid, with Brent trading around $89 and holding above the $86–$88 demand zone. As geopolitical tensions and supply risks continue to rise, I still believe a move above $100 is only a matter of time.Stay tuned for my new complete Gold analysis, which will be posted within the next few hours today.
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