Brent Crude Short Set up
The technical sell signal for Brent Crude aligns with a broadly bearish fundamental outlook driven by concerns over a persistent global supply glut heading into 2026.
Resistance Rejection: Price is bouncing bearishly off the upper edge of the 4H channel.
Bearish Confirmation: A Bearish Engulfing
XBR/USD: Geopolitics Are Once Again Driving Brent Crude PricesXBR/USD Chart Analysis: Geopolitics Are Once Again Driving Brent Crude Prices
On 21 November, we outlined a descending channel on the XBR/USD chart and noted that the bearish trend had been fuelled by easing geopolitical risks and hopes for an end to the war in Ukraine.
Ten days later, Brent crud
BRENT OIL ANALYSIS - Nov 22 - is this the bottom?BRENT OIL - Weekly Outlook
Current Price: 62.39
Context: At BOTTOM of recent range (61.80-65.00). Bouncing off weekly lows. Range-bound after multi-week decline.
Bias: NEUTRAL-to-BEARISH (range trade until breakout)
TRADE IDEAS FOR NEXT WEEK
SETUP 1: LONG from Support (most current oppo
Brent Crude capped at 6370 The Brent Crude continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 6370
This zone, previously a consolidation area, now acts as a signif
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Displays a symbol's price movements over previous years to identify recurring trends.









