Brent Oil Technical Analysis

🔺 Technical Setup

🎯 Decision Map

The nearest decision zone is framed by support around 96.25 and resistance near 119.19. A cleaner push through resistance would improve continuation odds, while a loss of support would weaken the current thesis. Pattern invalidation sits near 122.85, so a violation there would materially change the current setup narrative.

📊 Technical Summary

Brent Oil closed at 101.98 (+7.12%). The chart remains in a constructive trend regime, with price holding above both the 50-day and 200-day moving averages. 20-day momentum is running at -1.12%; price remains inside its roughly 52-week range (58.92–118.35); and ATR14 volatility is elevated at roughly 8.70% of price. RSI(14) stands around 52.4, which keeps the momentum picture broadly balanced. RSI has been trending higher in recent sessions, indicating improving momentum conditions. MACD is positioned under the signal line, suggesting momentum recovery has not fully developed yet. The MACD histogram remains negative, suggesting momentum is still on the softer side. Recent trading volume is running below its typical 20-day average, which suggests participation remains relatively muted. The chart is currently flagging Double top. The nearest decision zone is framed by support at 96.25 and resistance at 119.19. A move through resistance would improve the short-term technical tone, while a loss of support would weaken the current structure. The interactive view adds overlays, pattern context and broader chart structure for deeper review.

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