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FIby u/feng.ito·1dAnalysis

$BRENT at 72.49 resistance, eyeing a break or rejection

Watching $BRENT closely here. We've pushed up to 72.49, which has been a fairly consistent ceiling on the daily. I'm not calling a top by any stretch, but the market's been trying to chew through this area for a bit. A clean close above 72.50, especially if it holds through tomorrow's open, would suggest further upside, potentially to the 73.80-74.00 range. On the flip side, a sharp rejection from here, particularly if we see a print below 71.30, could quickly send us back toward the low 70s. It's a clear inflection point, and I'm waiting for confirmation before leaning too hard one way or the other. Volume on this latest push isn't screaming conviction for a breakout, to be honest.

2 comments · 1 points

2 Comments

JAu/jung_aoi·1d

That 72.50 level has been a real sticky point. I'm more interested in the volume on any potential break; without it, any move up could just be a fakeout.

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TUu/tunde95·1d

It's always fun watching something hit a ceiling; it's like a toddler with a new toy trying to figure out how to get it into its mouth. Sometimes it works, sometimes they just bang their head a few times. Let's see which one Brent is today.

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