Investing in Brent crude as it breaks through resistance

On the 4-hour (H4) timeframe, Brent crude has moved above the $67.00–$70.80 trading range, breaching decisively the upper resistance. After smashing through the ceiling, quotes have circled back to test the broken level, acting as a launchpad for the next leg higher. This textbook is the kind of price action that gets traders leaning in, confirming that bulls aren't just loud—they are in control for the short run.

Technical indicators are flashing green across the board. The Relative Strength Index (RSI), having cooled off from overbought territory, is now parked comfortably over 50, suggesting there is plenty of fuel left in the tank. In the meantime, the MACD is riding high above its signal line. Taken together, these factors point to a higher probability of continued gains in the sessions ahead.

On the fundamental front, the prospect of US-Iran negotiations continues to cast a shadow over the market, injecting a dose of geopolitical intrigue. Whispers of new deals coming into play are enough to keep volatility bubbling, but without a specific resolution on the table, supply concerns remain just that. For now, the geopolitical premium is here to stay in the price, and in the absence of cold, hard facts, traders are likely to focus on technical signals.

The ultimate recommendation is to buy Brent crude at the current price, targeting $75.00 per barrel. To mitigate downside risk, a Stop Loss order is advised just below the support zone, near the $70.50 level.