Brent Oil is testing a key support zone around the 4H MA200, where buyers have previously stepped in. This level will likely decide the next short-term move.
Resistance: 86.50 β 88.20
Support: 82.20 (4H MA200)
Major Support: 80.40
π Technical Outlook β Price is attempting to bounce from the 4H MA200, making 82.20 the most important support level.
If #BZ holds above this zone, expect a recovery toward 86.50 β 88.20.
A successful breakout above 88.20 could extend the rally toward 91.50 β 95.00, provided momentum and buying volume continue to strengthen.
The MA200 continues to act as dynamic support, while RSI is recovering from lower levels, leaving room for a relief move.
β οΈ Key Risk β 80.40 is the critical invalidation level. Losing this support would weaken the current recovery structure and increase the probability of a deeper correction.
Wait for confirmation before entering. As long as price holds above the 4H MA200, the bias remains constructive for a rebound.
Resistance: 86.50 β 88.20
Support: 82.20 (4H MA200)
Major Support: 80.40
π Technical Outlook β Price is attempting to bounce from the 4H MA200, making 82.20 the most important support level.
If #BZ holds above this zone, expect a recovery toward 86.50 β 88.20.
A successful breakout above 88.20 could extend the rally toward 91.50 β 95.00, provided momentum and buying volume continue to strengthen.
The MA200 continues to act as dynamic support, while RSI is recovering from lower levels, leaving room for a relief move.
β οΈ Key Risk β 80.40 is the critical invalidation level. Losing this support would weaken the current recovery structure and increase the probability of a deeper correction.
Wait for confirmation before entering. As long as price holds above the 4H MA200, the bias remains constructive for a rebound.
π3π1