$BZ 15M CRITICAL DROP ⚠️ ... Sellers In Full Control!
$BZ (Brent Oil) has taken a heavy hit, dropping sharply from the 107.34 level down to a 24h low of 103.40. Currently trading around 103.97 (-4.61%), the 15m chart shows aggressive red candles with very little buying pressure.
Price is sitting right at a key support zone. If this level breaks, we could see a deeper flush.
A bounce from here could push price back towards 105.80 – 106.67 (local resistance).
If momentum returns, a recovery towards 107.54 is possible.
As long as 103.40 holds as firm support, I still see a chance for a relief bounce.
Still risky ... Buyers need to show strength and reclaim 104.94 first.
Use stop loss while trading.
Trade on $BZ
$BZ (Brent Oil) has taken a heavy hit, dropping sharply from the 107.34 level down to a 24h low of 103.40. Currently trading around 103.97 (-4.61%), the 15m chart shows aggressive red candles with very little buying pressure.
Price is sitting right at a key support zone. If this level breaks, we could see a deeper flush.
A bounce from here could push price back towards 105.80 – 106.67 (local resistance).
If momentum returns, a recovery towards 107.54 is possible.
As long as 103.40 holds as firm support, I still see a chance for a relief bounce.
Still risky ... Buyers need to show strength and reclaim 104.94 first.
Use stop loss while trading.
Trade on $BZ
