$BRENT

After posting a parabolic breakout, surging more than 10.7% to close at $100.63 after decisively breaking multiple resistance levels. The rally cleared the 2025 yearly high near $81.11 and the key horizontal resistance around $95.10, converting these levels into potential support zones. The move was backed by a significant spike in trading volume (547.33K ticks), signaling strong institutional participation and conviction behind the upward momentum. Despite the strength, the weekly candle showed extreme volatility, with a long upper wick reaching $113.73, indicating profit-taking or a possible blow-off top at higher levels. Structurally, the breakout invalidates the previous sequence of lower highs and lower lows, shifting the broader market trend from bearish to strongly bullish. Notably, the price is now trading well above the earlier $50 target referenced by Donald Trump, highlighting a significant divergence from earlier downside expectations driven by shifting geopolitical and market dynamics.
#NFA