{"id":1226,"date":"2026-04-29T11:51:05","date_gmt":"2026-04-29T11:51:05","guid":{"rendered":"https:\/\/www.futurestechs.co.uk\/news\/?p=1226"},"modified":"2026-04-29T11:51:07","modified_gmt":"2026-04-29T11:51:07","slug":"brent-crude-oil-technical-analysis-new-july-front-month","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2026\/04\/29\/brent-crude-oil-technical-analysis-new-july-front-month\/","title":{"rendered":"Brent Crude Oil Technical Analysis – New July Front Month"},"content":{"rendered":"\n

After the rollover to the new front month, the price of Brent Crude has exceeded the Mid-March high. Here’s what our clients got today. <\/p>\n\n\n\n

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Candlestick Chart & Technical Analysis<\/p>\n\n\n\n

\u2022Short term Trend: <\/strong>Bullish<\/p>\n\n\n\n

\u2022Medium term Trend: <\/strong>Bullish<\/p>\n\n\n\n

\u2022Yesterday\u2019s candle:<\/strong> <\/p>\n\n\n\n

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“July<\/em><\/strong> is now front month. Gains were seen to 102.63 in the new contract yesterday and we\u2019re bid overnight, up to a 104 handle as I write. The recent high on this chart is 104.69 and in sight. Above that we go back to the continuation chart for reference levels.<\/em><\/em><\/em><\/em>“<\/p>\n<\/blockquote>\n\n\n\n

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105.82 was one of those levels from the continuation chart and this gave us yesterday\u2019s high.\u00a0<\/strong><\/p>\n<\/blockquote>\n\n\n\n

\u2022Fibonacci <\/strong>says: <\/strong>91.66 is 38.2% of the gains since mid-December. <\/em>– 87.82 on the new chart.<\/p>\n\n\n\n

\u2022Moving Averages\/Indicators\/other: <\/strong>MACD turns back to bullish. <\/p>\n\n\n\n

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\"\"<\/a><\/figure>\n\n\n\n

\u2022Summary: <\/strong>Bulls had a good week last week; starting to think about retesting 112.12 now.<\/p>\n\n\n\n

\u2022Favoured direction for today: <\/strong>Long side preferred. <\/p>\n\n\n\n

\u2022Bigger Picture thoughts and targets: <\/strong>New front month makes a mess of our charts. On the continuation chart we are still watching 108.29, 111.89 and 119.50.<\/p>\n\n\n\n

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Market Profile<\/p>\n\n\n\n

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\u2022Profile setup\/levels: <\/strong>102.92 is a vacuum left below yesterday.<\/p>\n\n\n\n

\u202220-day CHVN:  <\/strong>99.00 \u2013 New data set.<\/p>\n\n\n\n

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\u2022Naked VPOCs below:<\/strong> 94.80<\/p>\n\n\n\n

\u2022Naked VPOCs above:<\/strong> 110.50<\/p>\n\n\n\n

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\u2022SPVs in play below: <\/strong>102.92, 91.08<\/p>\n\n\n\n

\u2022SPVs in play above: <\/strong>None.<\/p>\n\n\n\n

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\"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n\n
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Support & Resistance Levels (Futurestechs’ SkewBar)<\/p>\n\n\n\n

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Key<\/p>\n\n\n\n

Purple = Marabuzo lines<\/p>\n\n\n\n

Green = Fibonacci level<\/p>\n\n\n\n

Blue = Market Profile level<\/p>\n\n\n\n

Orange = Trendlines\/Chart Pattern levels<\/p>\n\n\n\n

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