Brent Crude Update: Bull Flag Targets $152Gulf Conflict puts high volatility on oil market as
triangle posted earlier was broken down to
transform into another consolidation pattern - Bull Flag
Flag pole is in blue and the Flag is in yellow
The price is testing the resistance already
Watch breakout
Confirmation level sits at the top of p
Brent Crude Oil Futures
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Brent Crude – Pole & Flag Breakout Watch
Setup: Weekly chart shows a classic Bullish Pole & Flag formation.
Levels to Watch:
Support: $95.96
Resistance: $126.54 → $139.13
Final Target: $148.41 if breakout sustains.
Why Traders Care:
Strong pole rally already in place.
Flag consolidation tightening — breakout imminent.
Macro backdro
Oil Up, Wallstreet Up, Pizza Index Flat Wall Street has reacted positively to the extension of the U.S.-Iran ceasefire. The S&P 500 and Nasdaq both closed at record highs. Extending this rally is Tesla popping 3%+ after hours (despite being down 11% year-to-date), after posting 16% revenue growth in Q1. So: good vibes on Wall Street.
Ho
Brent LONG — Iran Risk Is Back. Oil Surges 5%. Is $101 Next?🛢️ BRENT CRUDE (BRN) — LONG SETUP
April 20, 2026
━━━━━━━━━━━━━━━━━━━━━━━━
⚡ WHY THIS TRADE EXISTS TODAY:
Last week markets thought Iran was
de-escalating. They were wrong.
Today Brent surged +5.26% in a single
session as geopolitical reality hit back.
The facts on the ground:
🔴 Strait of Hormuz —
Brent LONG — Trump Blockades Hormuz. $100 Is Back in Play🛢️ BRENT CRUDE (BRN) — LONG SETUP
April 15, 2026
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⚡ WHY THIS TRADE EXISTS TODAY:
President Trump just announced
a FORMAL BLOCKADE of the
Strait of Hormuz.
Not a threat. Not a warning.
An ACTIVE blockade.
Vessels entering or leaving
Iranian ports are now restricted.
The wo
Brent Crude dropped hard after Trump's ceasefire announcement. Brent Crude dropped hard after Trump's ceasefire announcement.
From $110 to $96 in days.
Price is now consolidating just above a key support zone between $92 and $90.
The bounce attempt capped at $100, which has flipped from support to resistance. The moving average is turning sharply downward.
Brent: Extreme Backwardation Signal
Brent is in historic backwardation.
F1–F2 spread ≈ -$9.6
Annualized roll yield ≈ -110% (lowest on record)
This is not normal tightening — it’s front-end stress.
Driven by:
Iran conflict escalation
Hormuz disruption risk
→ immediate supply shock
The curve is saying:
Barrels today >> ba
Brent Crude LONG — Oil Explodes +8.69%. Is $113 Next?Oil made the most decisive move of the day.
While stocks fell and gold dropped, Brent
surged 8.69% — the market is pricing real
supply risk from the Middle East.
WHY LONG:
- Strongest conviction move across all assets
- Iran supply disruption risk is real
- Strait of Hormuz concerns remain unreso
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current price of Brent Crude Oil Futures is 108.27 USD / BLL — it has risen 2.26% in the past 24 hours. Watch Brent Crude Oil Futures price in more detail on the chart.
The volume of Brent Crude Oil Futures is 1.22 M. Track more important stats on the Brent Crude Oil Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Brent Crude Oil Futures this number is 593.33 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Brent Crude Oil Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Brent Crude Oil Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Brent Crude Oil Futures technicals for a more comprehensive analysis.









