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BRENT testing a crucial support zone around 75
Watching $BRENT closely today as it tests the 75.00-75.30 region again. It's held up well there multiple times over the past few weeks, suggesting it's a pretty strong demand zone for now. If we see a sustained break and close below 75, particularly on higher volume, I'd have to reconsider the current consolidative bias and lean towards further downside pressure.
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I'm with you on that; the 75 level has been quite resilient. Are you also keeping an eye on any geopolitical catalysts that could quickly shift sentiment, even if the technicals hold?