Brent Oil Analysis – 20.Jul.2026

Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price continued to follow the expected bullish scenario and finally broke above the psychological $90 level, reaching as high as $91.5.

Currently, Brent Oil is trading around $88 after a minor correction. In my view, this pullback may remain temporary, and if buyers step in again, we could see another bullish move toward higher levels.

The nearest demand zones are located around $86 – $88, followed by stronger support between $82 – $84. On the upside, the next targets to monitor are $92, followed by $95, $98, and then the major psychological level at $100.

If geopolitical tensions continue and supply risks remain elevated, targets above $100 may not be far out of reach.

For now, my broader bias remains bullish after this short-term correction.
(This Post on TradingView)

Author : Arman Shaban
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