25.04.2025

Technical Analysis of Brent Crude Oil Price: Opportunities and Risks for Investors

Current Price Development

  • Rebound from Support Level: The price recently reacted around ~58.40 USD (or ~57.15–58.06 EUR according to current conversions) and is in an upward trend.
  • Resistance Zone: The critical hurdle lies between 68.70–70.50 USD, and overcoming this could signal a trend reversal.

Market Context

  1. Fundamental Factors:
    • Supply Pressure: US shale oil production and OPEC+ strategies continue to influence volatility.
    • Demand Dynamics: Global economic concerns (e.g., trade conflicts) could limit the price increase.
  2. Forecasts:
    • In the short term, a sideways trade with resistance tests is expected.
    • Long-term experts point to rising prices until 2030 (exhaustion of conventional reserves).

Technical Analysis

Parameter Brent Crude Oil
Support 57.15–58.06 EUR (~65–66 USD)
Resistance 68.70–70.50 USD
Key Level Break above 70.50 USD confirms bullish scenario

Failure at the resistance could trigger another testing phase of the lower trend line.

Strategic Implications for Investors

  • Breakout Strategy: Positioning on a clear breakout above 70.50 USD with target projection based on previous downward range.
  • Risk Management: Stop-loss beneath the recent swing low (~57 EUR/65 USD) to limit losses.
  • Alternatively: Range trading within the existing bandwidth until zone resolution.

Note: The current volatility requires strict discipline in position size and risk tolerance.