$BZ
Brent Crude Oil at $92
The market is experiencing high volatility within a relatively tight range, with a tussle between supply and demand near strong resistance levels.
Short-term trend: Sideways with a bullish tilt
Momentum: Weak to moderate
Current action: Accumulation before a potential bigger move
Potential entry points:
Wallet entry: 88 – 90 (support zone)
Mid-level entry: 90 – 92 with confirmation of a bounce
Breakout entry: Daily close above 94 reinforces the bullish continuation
Targets:
First target: 94 – 96
Second target: 98 – 100
Stop loss:
Break below 86 on a close
Brent Crude Oil at $92
The market is experiencing high volatility within a relatively tight range, with a tussle between supply and demand near strong resistance levels.
Short-term trend: Sideways with a bullish tilt
Momentum: Weak to moderate
Current action: Accumulation before a potential bigger move
Potential entry points:
Wallet entry: 88 – 90 (support zone)
Mid-level entry: 90 – 92 with confirmation of a bounce
Breakout entry: Daily close above 94 reinforces the bullish continuation
Targets:
First target: 94 – 96
Second target: 98 – 100
Stop loss:
Break below 86 on a close