{"id":23185,"date":"2022-03-02T10:33:00","date_gmt":"2022-03-02T10:33:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=23185"},"modified":"2022-03-07T17:06:43","modified_gmt":"2022-03-07T17:06:43","slug":"brent-crude-oil-technical-analysis-could-target-112-00","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/brent-crude-oil-technical-analysis-could-target-112-00\/","title":{"rendered":"Brent Crude Oil Technical Analysis &#8211; Could target $112.00"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"23185\" class=\"elementor elementor-23185\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-062c3e8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"062c3e8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-34dee89\" data-id=\"34dee89\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddff65d elementor-widget elementor-widget-text-editor\" data-id=\"ddff65d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3h7yoXS\" target=\"_blank\" rel=\"noopener\">Brent crude oil<\/a> has easily held above the $105.00 level, due to no resolution in Ukraine\/Russian war, and tightness in the physical oil market, which propels Brent increasingly closer to the $100.00 resistance level.<\/p><p>United States President Biden gave his State of the Union address yesterday. While he did so, Brent oil kept on rallying, despite the news earlier of a US Strategic Oil Reserve release.<\/p><p>This morning more firms announced the cessation of business in or with Russia, including notably <a href=\"https:\/\/bit.ly\/36WvPD0\" target=\"_blank\" rel=\"noopener\">Ford<\/a>, <a href=\"https:\/\/bit.ly\/2W8Oqpp\" target=\"_blank\" rel=\"noopener\">Boeing<\/a>, and crucially, <a href=\"http:\/\/bit.ly\/2MUOequ\" target=\"_blank\" rel=\"noopener\">Exxon Mobile<\/a>, which is one of the world\u2019s largest oil companies.<\/p><p>The US announced also it was banning Russian flights from US airspace and that its going after Russian oligarchs\u2019 assets. The United States following the UK is bearish for risk, and bullish for the oil market.<\/p><p>Make no mistake, if China were to report a significant increase in imports it would have a heavily bullish effect on Brent Crude and commodity prices, as the West would then face a further glut and more tensions with China.<\/p><p>For me, I see the $125.00 level as a possible bullish target. In reality, intraday we could see the $112.00 level tagged next, but don\u2019t be surprised if Brent oil overextends towards $125.00<\/p><p>According to the ActivTrader market sentiment tool some 71 percent of traders are bullish towards crude oil, leaving plenty of scope for a further upside, as retail traders are slow to jump on the bull train.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8124315 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8124315\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e740723\" data-id=\"e740723\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ea6ea3 elementor-widget elementor-widget-image\" data-id=\"7ea6ea3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3h7yoXS\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"457\" height=\"167\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/BRENT-CHART.jpg\" class=\"attachment-large size-large wp-image-23208\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f7febb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f7febb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ba7c6b\" data-id=\"1ba7c6b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-268056e elementor-widget elementor-widget-text-editor\" data-id=\"268056e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Brent Crude Oil short-term Technical Analysis<\/strong><\/p><p>The lower time frames currently show that Brent Crude oil is in a strong bullish trend, with Brent trading nearly $10.00 away the $120.00 resistance level.<\/p><p>A recent invalidation of a large head and shoulders pattern has taken place on the four-hour time frame, with the measured target of the pattern located around the $112.00 level.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fcb3d17 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fcb3d17\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-629449d\" data-id=\"629449d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-87225a3 elementor-widget elementor-widget-image\" data-id=\"87225a3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3h7yoXS\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"517\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/brent-4h.jpg\" class=\"attachment-large size-large wp-image-23210\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3d4149a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3d4149a6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-17d7e043\" data-id=\"17d7e043\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71aa4972 elementor-widget elementor-widget-text-editor\" data-id=\"71aa4972\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3h7yoXS\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cbd879a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cbd879a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f80ffc7\" data-id=\"f80ffc7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9411ed4 elementor-widget elementor-widget-text-editor\" data-id=\"9411ed4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Brent Crude Oil medium-term Technical Analysis<\/strong><\/p><p>The daily time frame shows that Brent oil has formed massive amounts of bearish MACD price divergence and is present down towards the $83.00 level.<\/p><p>It should be noted that this negative divergence eventually leaves plenty of scope for a healthy correction to the downside at some stage, but now, don\u2019t fight this monster price trend.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6eefe7b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6eefe7b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8bc51be\" data-id=\"8bc51be\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c65e5a4 elementor-widget elementor-widget-image\" data-id=\"c65e5a4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3h7yoXS\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"519\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/BRENT-1D-4.jpg\" class=\"attachment-large size-large wp-image-23211\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4934e85c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4934e85c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d4491fb\" data-id=\"4d4491fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ba5caef elementor-widget elementor-widget-text-editor\" data-id=\"5ba5caef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3h7yoXS\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Brent crude oil has easily held above the $105.00 level, due to no resolution in Ukraine\/Russian war, and tightness in the physical oil market, which propels Brent increasingly closer to the $100.00 resistance level. United States President Biden gave his State of the Union address yesterday. While he did so, Brent oil kept on rallying, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":23206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[58,64,634],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brent Crude Oil Technical Analysis - Could target $112.00 - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/brent-crude-oil-technical-analysis-could-target-112-00\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brent Crude Oil Technical Analysis - Could target $112.00 Brent Crude Oil Technical Analysis - Could target $112.00\" \/>\n<meta property=\"og:description\" content=\"Brent crude oil has easily held above the $105.00 level, due to no resolution in Ukraine\/Russian war, and tightness in the physical oil market, which propels Brent increasingly closer to the $100.00 resistance level.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/brent-crude-oil-technical-analysis-could-target-112-00\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-02T10:33:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-07T17:06:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GettyImages-1213731678.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"331\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Brent Crude Oil Technical Analysis - Could target $112.00 Brent Crude Oil Technical Analysis - Could target $112.00\" \/>\n<meta name=\"twitter:description\" content=\"Brent crude oil has easily held above the $105.00 level, due to no resolution in Ukraine\/Russian war, and tightness in the physical oil market, which propels Brent increasingly closer to the $100.00 resistance level.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/brent-crude-oil-technical-analysis-could-target-112-00\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/brent-crude-oil-technical-analysis-could-target-112-00\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Brent Crude Oil Technical Analysis &#8211; 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