UKOIL Brent Oil – The market is about to experience a price explosion

Brent crude oil (UKOIL) is currently trading around 93.33 after gradually rising within a clear ascending channel. The current trend shows that the market is not in a state of random momentum, but in the stage of building a stable upward structure.

It is worth noting that the price is currently approaching the strong psychological resistance area near 94-95, which often determines whether the market will continue to expand upward or enter a temporary correction.

In the control school, oil at this moment depends on more than just supply and demand…
Rather, it is the result of a repositioning of liquidity in an uptrend.

📊 Analysis – Interpret the price structure

The price is moving within a clear ascending channel between several price levels:

🔹 93.33 – current price
🔹 94 – 95 – nearby resistance levels
🔹 106 – Big Bullish Target
🔹 90 – Supports ascending channel
🔹 76 – 74 – Main demand areas
🔹 72.88 – Moderate support
🔹 68.86 – Liquidity Basics
🔹 65 – Long-term structural support

After testing the upper boundary, the price is currently located around the middle of the channel.

🔮 Possible movement predictions
Scenario 1 – the upward trend continues

If the price remains above 90 – 91:

We may see a gradual upward trend:

95

Penetrating this area will trigger a rising tide:

100

Then possible extensions are:

106

This is the intended target within the channel.

Second case – temporary correction

If the price fails to stabilize above 92 – 93:

We may see the following corrections:

90

But as long as the price remains within the ascending channel, this is likely to be a correction rather than a reversal of the trend.

💼 Recommended

🔵 Buy from support

Log in:
90.5 – 89.5

Target:
TP1 95
TP2 100
TP3 106

Stop loss:
87.8

🟡Buy after a breakout

Log in:
Breaking through 95

Target:
100-106

Stop loss:
Down 92

⚠️Traders Attention

Oil is one of those markets that sometimes fluctuates quietly for long periods of time before rising sharply.

Things seem to be quiet now…
But the price structure suggests the market is gathering momentum for its next move.

Someone is looking at the price…
Some people understand where exercise fuel comes from.

I don’t follow the movement…
I’m reading where the price explosion will start.

Mohammad Halawani 🔱
Control Academy