BRENT H1 Bullish Continuation Toward 99 and 101

📝 Description
BRENT crude has reacted strongly from the lower support area after forming a bullish market structure shift. The recent rebound from the discount zone, combined with a CHOCH and subsequent BOS, suggests buyers are regaining control and targeting higher liquidity pools.
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📈 Analysis
Primary Bias: Bullish
Preferred Setup:
• Price has already delivered a bullish reaction from the lower NWOG support area
• The recent impulsive move confirms demand entering the market
• As long as Brent remains above the latest support zone, upside continuation toward the marked targets remains favored
Targets:
• TP1: 98.96
• TP2: 101.11
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📚 ICT & SMC Notes
• Bullish CHOCH followed by BOS confirms a shift in order flow
• Price is moving toward unfilled NWOG and FVG liquidity targets above
• Recent displacement suggests smart money accumulation from lower levels
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🧩 Summary
The current structure supports a bullish continuation scenario, with Brent targeting the liquidity and imbalance zones around 98.96 and 101.11. The recent market structure shift strengthens the probability of further upside expansion.
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🌍 Fundamental Notes / Sentiment
Alongside the technical bullish structure, the renewed escalation of tensions between Iran and Israel is increasing geopolitical risk premiums in the energy market. Concerns about potential supply disruptions in the region are supporting oil prices, and as long as these tensions persist, Brent could continue advancing toward the highlighted targets near 99 and 101 dollars.
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⚠️ Risk Disclosure
Trading involves substantial risk and may result in capital loss. This analysis is for educational purposes only and does not constitute financial advice. Always apply proper risk management, predefined stop-loss levels, and disciplined position sizing aligned with your trading plan.