Brent Intraday Signal: Watch 104.90
The Brent Intraday Signal reflects consolidation as price remains capped below the pivot resistance at 104.90. Momentum conditions are neutral, with the RSI hovering around its neutrality area at 50%, indicating lack of strong directional conviction. As long as price trades beneath 104.90, the short-term bias tilts mildly to the downside.
Immediate support is located at 103.00. A decisive break below this level would confirm renewed selling pressure and likely extend the decline toward the downside objective at 102.20. The inability to reclaim the pivot reinforces the consolidative structure with a bearish tone.
Trade Setup:
Enter: Short below 104.90
Stop-Loss (SL): 105.80
Target A: 103.00
Target B: 102.20