Oil expoding soon
Oil/Gold ration has completed 5th way down.
The war in Iran is inevitable, Strait of Hormuz will be closed.

OIL outcome!
OIL at a drop zone, with all that is happening in the world a big drop could happen once confirmation is given. Waiting patiently...

$BRENT technicals in convegence between Fibonacci and Trendline
BLACKBULL:BRENT has been on a downtrend since last Summer...
Now the descending trend line is about to hit the bottom of the Fibonacci Retracement Levels.
This forms a triangle that we know can break either upward or downward - place your entry points and Stop-Loss points accordingly.
While I don't provide Fundamentals analysis, the latest turns of events with USA and Venezuela make me lean towards a break on the downside for more supply of Crude Oil available to the US.

Brent Crude Oil Wave Analysis – 28 January 2026
- Brent Crude Oil broke resistance level 66.00
- Likely to rise to resistance level 68.00
Brent Crude Oil recently broke through the resistance area between the resistance level 66.00 (which has been reversing the price from October) and the resistance trendline of the daily down channel from August.
The breakout of the resistance level 66.00 coincided with the breakout of the 38.2% Fibonacci correction of the downward ABC correction ( from June.
Brent Crude Oil can be expected to rise to the next resistance level 68.00 (target for the completion of the active impulse wave 3).

Stop!Loss|Market View: BRENT
🙌 Stop!Loss team welcomes you❗️
In this post, we're going to talk about the near-term outlook for the BRENT ☝️
Potential trade setup:
🔔Entry level: 70.18
💰TP: 72.97
⛔️SL: 68.96
"Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market.
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💬 Description: Technically, the situation is favorable for oil buyers. This is confirmed by the price movement within the ascending channel, as well as a likely retest of the 70-degree area, with a subsequent likely upward breakout. Furthermore, we shouldn't forget the geopolitical factor to which oil is very sensitive: the situation in the Middle East, which will likely push the price higher once again.
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