Brent Crude Update 03JUN2026This is an update to chart posted earlier
Wave E crashed lower than expected but it is still in line with triangle's guidelines
as long as it keeps above the bottom of wave C at $86.10
Target was moved lower to $150 as the starting point was established lower with
deeper wave E
Brent Last Day Financial Futures
No trades
Related commodities
๏ปฟBrent FuturesBrent crude oil futures showed a considerable decline in May, retesting the support level around 90. Technically, the long-term trend remains bullish until this support is broken. Accordingly, a price reversal can be expected from here targeting the 125-127 range.
Long-term trend: Up
Resistance lev
Oil pullback on the cardsBrent crude is due for a pullback, once the dust settles in the Middle East. We see $80 per barrel as a potential consolidation point, upon which future gains could be made on non-war related thesis.
The world is hungry for energy, that won't go away. The type of energy is the big question. Oil ha
111.30Nothing in this post is investment advice. Iโm not a financial advisor, registered or otherwise. Iโm sharing my own framework and my own trade plan for the purposes of journaling and accountability. Trading futures and commodities involves substantial risk of loss. The cascade analysis described her
Brent Crude Targets $156 It is amazing how different approaches give same projection
Month ago, I shared with you the Bull Flag pattern on this very same chart
This time, I spotted the EW Triangular consolidation (yellow) in wave B
as part of ABC pattern, which targets the same area above $150 as Bull Flag does
All
Brent LONG โ Iran Tensions Hold. Oil Above $110. Is $114 Next?๐ข๏ธ BRENT CRUDE (BRN) โ LONG SETUP
May 18, 2026
โโโโโโโโโโโโโโโโโโโโโโโโโ
โก WHY OIL STAYS ELEVATED:
Hot CPI. Hot PPI.
Stocks selling off.
Bitcoin falling.
Dollar surging.
But oil? Holding above $110.
This resilience tells you everything.
When every other risk asset falls โ
and oil stays bid โ
the
Brent LONG โ Iran Seizes Oil Tanker. Military Clashes Near Hormu๐ข๏ธ BRENT CRUDE (BRN) โ LONG SETUP
May 11, 2026
โโโโโโโโโโโโโโโโโโโโโโโโโ
โก BREAKING NEWS TODAY:
Iran seized a sanctioned oil tanker
in the Gulf of Oman.
Then โ military exchanges between
US and Iran forces were reported
near the Strait of Hormuz.
This is not a headline risk.
This is PHYSICAL esca
Brent SHORT โ Ceasefire Hopes Kill the War Premium. Is $93 Next?๐ข๏ธ BRENT CRUDE (BRN) โ SHORT SETUP
May 8, 2026
โโโโโโโโโโโโโโโโโโโโโโโโโ
โก WHY THIS TRADE EXISTS TODAY:
For two months oil traders believed:
โ Iran war = $120+ oil forever
โ Hormuz closed = permanent premium
โ Supply disruption = structural
Today that narrative is collapsing.
US-Iran ceasefire ta
See all ideasย
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
๏ปฟThe current price of Brent Last Day Financial Futures is 87.33ย USDโ/โBLL โ it has fallen โ3.37% in the past 24 hours. Watch Brent Last Day Financial Futures price in more detail on the chart.
The volume of Brent Last Day Financial Futures is โช33.95โฏKโฌ. Track more important stats on the Brent Last Day Financial Futures chart.
Open interest is the number of contracts held by traders in active positions โ they're not closed or expired. For Brent Last Day Financial Futures this number is โช25.80โฏKโฌ. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Brent Last Day Financial Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Brent Last Day Financial Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Brent Last Day Financial Futures technicals for a more comprehensive analysis.









