Brent Crude Hits Key Supply Zone After BreakoutPrice has aggressively broken out from the descending wedge and reached a strong 4H & 1D resistance zone between 74.50–76.00.
• 1D Chart: Sharp breakout from long-term descending trendline. Approaching resistance from Feb-April supply area.
• 4H Chart: Bullish structure confirmed by higher lows and breakout of ascending channel.
• 1H & 23m Chart: Consolidating beneath resistance, forming a triangle structure.
Key Zones:
• Support: 71.50–72.00
• Resistance: 74.50–76.00
Bias: Neutral short-term (range). Bullish if 76 is broken and held.
