Brent Crude Oil (ICE) – Bearish Outlook 📉
Brent is trading near $110.07 on the 30-minute chart. Price has broken below the rising trendline, suggesting a potential bearish continuation.
- 🔵 Resistance: $112.00
- 🔴 Support: $105.75
- 🎯 Downside Target: $103.00
- 📉 Bearish Scenario: Rejection near $110.00 could push Brent toward $105.75, followed by $103.00 if selling pressure continues.
Brent is trading near $110.07 on the 30-minute chart. Price has broken below the rising trendline, suggesting a potential bearish continuation.
- 🔵 Resistance: $112.00
- 🔴 Support: $105.75
- 🎯 Downside Target: $103.00
- 📉 Bearish Scenario: Rejection near $110.00 could push Brent toward $105.75, followed by $103.00 if selling pressure continues.