$BZ 4H MASSIVE CRASH 🩸 ... Sellers Are In Full Control!
$BZ (Brent Oil) has suffered a brutal sell-off, nuking from a high of 114.37 straight down to a 24h low of 94.15. Currently trading around 94.31 (-8.96%), the 4H chart shows a relentless red bloodbath with zero signs of a bounce yet.
Price is currently sitting right at the absolute bottom of this drop, testing a critical support zone.
A strong recovery from here could push price back towards the 102.04 – 106.48 resistance levels.
If momentum returns, a relief rally towards 110.93 is possible.
As long as 94.15 holds as firm support, I still see a chance for a short-term bounce.
Still risky ... Buyers need to show real strength and reclaim 97.59 first to stop the bleed.
Use stop loss while trading.
Trade on $BZ
$BZ (Brent Oil) has suffered a brutal sell-off, nuking from a high of 114.37 straight down to a 24h low of 94.15. Currently trading around 94.31 (-8.96%), the 4H chart shows a relentless red bloodbath with zero signs of a bounce yet.
Price is currently sitting right at the absolute bottom of this drop, testing a critical support zone.
A strong recovery from here could push price back towards the 102.04 – 106.48 resistance levels.
If momentum returns, a relief rally towards 110.93 is possible.
As long as 94.15 holds as firm support, I still see a chance for a short-term bounce.
Still risky ... Buyers need to show real strength and reclaim 97.59 first to stop the bleed.
Use stop loss while trading.
Trade on $BZ
