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REby u/rossi_eva·9hAnalysis

Brent's run up to 103.5 and what comes next

It's been a pretty wild ride for $BRN today, pushing past 1.03 and even testing 1.035 at one point. Definitely feels like the market has absorbed the latest headlines with some gusto. I'm keeping a close eye on whether we can maintain above that 1.03 level into the close; a failure to do so could suggest this pop was more of a relief rally than a foundational shift, invalidating the bullish short-term structure for me. Otherwise, if we hold, it sets up an interesting scenario for a retest of those recent highs, possibly pushing towards the 1.05 area. Fun times in energy.

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