The Brent crude oil price today underwent a technical correction in the D1 / Day time frame as seen from a technical analysis standpoint. It has not yet broken out to indicate Panic in markets of while being within controlled thresholds .
2025 opening price level : USD 75 ;
MAY face support at USD 71 which is JUNE resistance ; can range around this price line
Next drop below June 2025 opening price : USD 63
Experience in markets also say that in order to go Up , markets need a timely Correction (preliminary down move )too !!
Time to Wait and Watch !
2025 opening price level : USD 75 ;
MAY face support at USD 71 which is JUNE resistance ; can range around this price line
Next drop below June 2025 opening price : USD 63
Experience in markets also say that in order to go Up , markets need a timely Correction (preliminary down move )too !!
Time to Wait and Watch !
Note
Correction :Title : Brent Crude still in controlled yr 2025 range ~ 75 - 71 - 63 USD
Description line : MAY face support at USD 71 which is 11 JUNE resistance ; can range around this price line
Next drop below June 2025 opening price : USD 63
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.