New play for Brent crude is to sell from $110 per barrel

Brent prices are likely to retest the stubborn $110 resistance level before retreating to the $90.0–$95.0 range. We believe this scenario is the most probable path for the commodity. Several key drivers support this view. Let’s start with the technical picture. Wild swings don’t just stop on a dime. The market needs time to catch its breath and absorb recent volatility. Turning to the fundamental landscape, the Middle East conflict remains far from being over—despite Donald Trump's assurances to the contrary. Storage facilities, production sites, and shipping routes across the region continue to feel the heat from ongoing instability. Each round of escalation could trigger an explosive rally in Brent oil. However, further gains appear to be capped by the $120 level. Once quotes touch this threshold, they are more likely to go down than up. Such a scenario could take the shape of a fading equilateral triangle, with a median range of $95.0–$100, or a descending triangle with support at $90.0.

The overall recommendation is to sell Brent crude from $110 per barrel. Profits should be taken at $94.8. Stop Loss could be set at $120.0.

The volume of the open position should be calculated so that the potential loss (protected by a Stop Loss order) does not exceed 1% of your deposit. If your account balance does not allow opening a position of this size, it is better to avoid entering the market on this signal and wait for other trade options that meet low-risk criteria.