Brent Oil Analysis – 24.Jul.2026

Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price once again followed our scenario almost perfectly. After rallying toward $102 and entering the major supply zone we highlighted, sellers stepped in aggressively and pushed Brent Oil back down toward $97.

This means Oil has corrected by roughly 4% since yesterday, confirming another clean reaction from the exact area we were monitoring. Honestly, this was one of the most accurate and interesting Oil analyses we have had recently. I hope many of you managed to take advantage of this move.

For now, the reaction from this supply zone remains important, and we need to see whether buyers can regain control or if sellers continue pushing price lower.
(This Post on TradingView)

Author : Arman Shaban
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