🛢️ MACRO SIGNAL: $BRENT oil holds above $101! Preparing for an evening long 🚀
$BRENT crude oil has consolidated above $101.
The main driver is the EIA report, which raised its forecast for the price per barrel to $105 in Q4 due to dwindling global inventories amid the ongoing conflict around the Strait.
Technically, on the 4H chart, instrument $BZ USDT held its trendline and is setting up for an evening bounce higher.
📊 Trade setup (Long):
• Direction: BUY (Long)
• Entry zone: $101.00 – $101.50
• Targets (Take-Profit):
• 🎯 TP1: $103.00 (local mirror resistance)
• 🎯 TP2: $105.00 (EIA forecast target)
• 🎯 TP3: $107.50 (medium-term momentum toward a new high)
• Stop-Loss: $99.60 (4H candle close below psychological support)
⚠️ Oil is extremely volatile due to geopolitics. Limit futures leverage to 3x–5x; risk 1% of your account.
👇 Click the $BZ USDT widget below to open the chart on Binance and place a trade in one click!
Do you expect oil to reach $110, or will a pullback begin?
Let us know in the comments! 💬
Not financial advice.
Trade wisely.
$BRENT crude oil has consolidated above $101.
The main driver is the EIA report, which raised its forecast for the price per barrel to $105 in Q4 due to dwindling global inventories amid the ongoing conflict around the Strait.
Technically, on the 4H chart, instrument $BZ USDT held its trendline and is setting up for an evening bounce higher.
📊 Trade setup (Long):
• Direction: BUY (Long)
• Entry zone: $101.00 – $101.50
• Targets (Take-Profit):
• 🎯 TP1: $103.00 (local mirror resistance)
• 🎯 TP2: $105.00 (EIA forecast target)
• 🎯 TP3: $107.50 (medium-term momentum toward a new high)
• Stop-Loss: $99.60 (4H candle close below psychological support)
⚠️ Oil is extremely volatile due to geopolitics. Limit futures leverage to 3x–5x; risk 1% of your account.
👇 Click the $BZ USDT widget below to open the chart on Binance and place a trade in one click!
Do you expect oil to reach $110, or will a pullback begin?
Let us know in the comments! 💬
Not financial advice.
Trade wisely.