Brent Oil Analysis – 30.Jun.2026
Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that after our previous update, price continued to recover and added almost another $1 to the upside. Brent Oil is currently trading around the $74.8 region, and all assumptions from the previous analysis remain valid.
The market is still reacting from the important demand area we discussed earlier, and in my view, the bullish recovery scenario remains active as long as buyers continue defending the current structure.
The nearest demand zones are still located around $70 – $72, followed by deeper support around $65 – $68. On the upside, the closest supply zones remain around $75 – $78, followed by stronger resistance areas around $82 – $85 and $90 – $93.
If buyers maintain momentum, the next upside targets to monitor are $76, followed by $78, then $82, and potentially $85 if bullish pressure continues to build. For now, Brent Oil is still sitting in a very important recovery zone, and my view remains bullish unless price loses the key demand area.
(This Post on TradingView)
Author : Arman Shaban
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