Brent Oil Eyes $115 Breakout After Trump’s ‘Clock Ticking’ Warning to Iran
BeInCrypto
Brent crude oil prices are testing the $115 resistance level following geopolitical tensions caused by Donald Trump's warning to Iran.Summary
Brent crude oil prices have climbed toward $111 as geopolitical instability grows following Donald Trump's warning that Iran's "clock is ticking." Technical analysis reveals a symmetrical triangle pattern on the daily chart, suggesting a significant directional move is imminent. Analysts are watching the $115 resistance level closely; a breakout above this threshold could push prices toward $120, supported by record global inventory depletion and ongoing conflict in the Strait of Hormuz.
(Source：BeInCrypto)