Brent Futures Outlook: Interesting Point Near $85

Hello everyone in the Oil & Energy room. Today I'd like to share my views on Brent Futures (apologies for not having $DAX or $AUDJPY to compare today). From what I've seen on the daily chart for a while, there's a strong resistance zone around $85-86 per barrel. Looking back several months, this point often saw prices selling off or at least a clear consolidation.

Currently, we see prices retesting this zone. I see two main possibilities here. If prices can firmly hold above $86 with supporting volume, it could be a good sign for a potential move to higher zones, such as $88-90 next. However, if prices remain stuck around $85 and start showing reversal signals, like candlesticks indicating strong selling pressure, then we might need to be cautious that prices could pull back to retest the support around $82-83. The risks to this view are significant unexpected changes in OPEC+ production policy or severe geopolitical events affecting supply, which would alter the price structure I've outlined.