XBR/USD Chart Analysis: Oil Price Rises to Key ResistanceXBR/USD Chart Analysis: Oil Price Rises to Key Resistance
Yesterday, the price of Brent crude climbed above $65.60 — the highest level in over a week.
According to media reports, several bullish factors are driving this move:
→ Stalled negotiations between the US and Iran over abandoning Iran’s n
Crude oil surges despite OPEC supply hike: breakout coming?Crude oil prices jumped over 3.5% from Friday’s low, even as OPEC announced a major supply increase of 411,000 barrels per day starting July. The market expected more, and when that didn’t happen, prices bounced. Technically, oil remains in a triangle pattern, but signs of a breakout are emerging. I
Brent intra-day Analysis 04-Jun-25Explaining the reasons for Oil gapping up during this weekly open, in addition to going over the possible scenarios we could have for the upcoming sessions.
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Brent Oil H1 | Potential bounce off a multi-swing-low supportBrent Oil (UKOILSPOT) is falling towards multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 64.42 which is multi-swing-low support that aligns with the 78.6% Fibonacci retracement.
Stop loss is at 63.70 which is a level that lies underneath a pullb
Brent Oil Breakout Heist – Bullish Robbery in Progress!🕶️ Brent Oil Job in Motion – Market Robbery Blueprint by The Chart Bandits 💼💸
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We’ve got eyes on the UK Oil Spot / Brent Energy Market – and this time, it’s a clean bre
Brent Crude Oil INTRADAY resistance at 6700Trend: Overall bearish sentiment continues, in line with the dominant downtrend.
Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines.
Key Levels
Resistance:
6700 – Main resistance and pivot level.
Above that: 6860, then 7000 – Upside targets
Brent Oil Update 23-May-25Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, ne
XBRUSD is moving within the 62.30 - 65.75 range👀 Possible scenario:
On June 4, Brent crude oil dropped over 1% to below $64 per barrel after Saudi Arabia signaled plans to push OPEC+ for an output increase of at least 411,000 barrels per day in August and possibly September to capture market share during peak summer demand. This follows a modest
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Displays a symbol's price movements over previous years to identify recurring trends.