Buying Brent crude from $89.55

The 15-minute (M15) Brent crude chart between July 14 and July 22, 2026, shows a clear uptrend with several distinct phases. Let’s break them down one by one:

Consolidation phase (July 14–16). At the beginning of the period, prices moved within an $82.85–$85.05 flat range. Sellers’ attempts to breach the lower boundary—the July 15 local bottom—were swiftly bought back.

Impulsive breakout and first bullish momentum (July 17–20). Last Friday, buyers seized the initiative. A powerful rally pushed Brent crude out of the flat channel to $88.35. The vertical spike reflected heavy trading volume.

Deep correction (July 20). We saw a sharp pullback at the start of the week, driven by profit-taking on bullish positions. Prices retreated to $84.50, forming a long lower shadow (wick). What does it indicate? Solid support that prevented oil from sinking further.

Second bullish momentum (July 21–22). Following a strong recovery from the drawdown, the rally resumed. Brent crude has entered a clear uptrend once again, reaching new local highs along the way. By the close of the most recent candles, quotes approached the psychological resistance level of around $89.50.

Volume and volatility analysis

The horizontal volume bar chart reveals that spikes in trading activity (vertical volume peaks) occur during sharp price drops—specifically, during the July 20 decline to $84.50. This pattern confirms that institutional players are ready to defend the support level. The current upside, by contrast, is accompanied by moderate and steady volumes, signaling a healthy rally without signs of exhaustion.

Brent crude outlook



Bullish scenario (main). Buyers remain firmly in the driver’s seat, with the next target at the local peak of $89.51. Moreover, prices could breach this level and climb even higher. If oil successfully holds above $89.50, the way toward powerful resistance at $90.55 will open.

Bearish scenario (alternative). If a false breakout or a reversal pattern (“double top”) forms at $89.50, the asset may enter a technical correction. The nearest support zone for re-entering a long position would shift to the mirror level of $88.35 (the previous resistance). A drop below this threshold is unlikely without strong fundamental news.

The overall recommendation is to buy Brent crude from $89.55. Profits should be taken at $90.55. Stop Loss could be set at $88.50.

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.