Brent Oil Analysis – 03.Sep.2026

Brent Oil Analysis: By analyzing the #BrentOil chart on the weekly timeframe, we can see that price is currently trading around $96 and the main scenario from the previous analysis remains fully valid.

My broader bias is still bullish. As long as buyers continue defending the current structure, the next upside targets remain $100, $105, $110, $115 and eventually $120.

If Brent manages to break and stabilize above $120, the next major targets could be $125, $130 and potentially $140.

For now, nothing important has changed. We simply continue monitoring price action around the key levels.
(This Post on TradingView)

Author : Arman Shaban
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