{"id":6797,"date":"2026-02-04T12:57:57","date_gmt":"2026-02-04T09:57:57","guid":{"rendered":"https:\/\/31-preview.freshtone.ru\/selling-brent-crude-from-70-2-resistance\/"},"modified":"2026-02-04T12:57:57","modified_gmt":"2026-02-04T09:57:57","slug":"selling-brent-crude-from-70-2-resistance","status":"publish","type":"post","link":"https:\/\/31-preview.freshtone.ru\/en\/selling-brent-crude-from-70-2-resistance\/","title":{"rendered":"Selling Brent crude from 70.2 resistance"},"content":{"rendered":"

Brent crude<\/a> is currently trapped in a technical vise, squeezed between the $70.2 ceiling and $67.3 floor. This compression zone sets the stage for a potentially volatile breakout, with several distinct scenarios in play:<\/p>\n

1. Gap-fill rally. <\/strong>Prices could extend their recent hike to close this week’s opening gap and push toward the $70.2 resistance. However, buying here is strategically risky, as it goes against the powerful long-term downtrend.<\/p>\n

2. Breakdown test.<\/strong> A sell-off might instead send fuel to the $67.3 support. Yet, this move is also fraught with danger, as the immediate technical momentum still favors an upward correction to close the gap in the short run.<\/p>\n

3. Strategic sell (optimal play).<\/strong> Given the competing pressures, the most balanced risk\/reward scenario is to initiate a short position from the $70.2 ceiling, once quotes advance that far. This strategy waits for the market to show its hand, offering an advantageous entry.<\/p>\n

Still, the bigger picture for oil hasn’t changed at all:<\/p>\n

Looming supply tsunami.<\/strong> The market is headed for a massive oversupply in 2026, with the International Energy Agency (IEA) projecting a surplus of 3.69\u20133.84 million barrels per day (bpd). This glut stems from a persistent structural mismatch: soaring inventories, particularly from non-OPEC+ nations, are far outstripping burgeoning appetite for fuel.<\/p>\n

Imbalance by numbers.<\/strong> Global oil production is expected to swell by 2.5 million bpd in 2026, reaching a staggering 108.7 million. In stark contrast, demand is likely to rise by a mere 930,000 bpd.<\/p>\n

Structural headwinds.<\/strong> The United States continues to ramp up its shale output, acting as a relentless swing operator. Combined with OPEC+’s managed production, this creates a substantial supply buffer that caps any sustained price rally.<\/p>\n

<\/p>\n

The ultimate recommendation<\/strong> is to sell Brent crude when it rebounds to $70.2. Lock in profits at $67.3. Place Stop Loss at $71.5.<\/p>\n

Calculate your open position so that a potential loss (protected by a Stop Loss order) is limited to 1% of your deposit. If your account balance does not allow entering a position of this size, it is better to skip the trade and wait for other market signals that meet low-risk criteria.<\/p>\n","protected":false},"excerpt":{"rendered":"

Market analysis by financial analysts and experienced traders. Forecast for Brent.<\/p>\n","protected":false},"author":1,"featured_media":6791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-forecasts"],"translation":{"provider":"WPGlobus","version":"2.12.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":true},"en":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"\r\nSelling Brent crude from 70.2 resistance - Ciraxes<\/title>\r\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Selling Brent crude from 70.2 resistance - Ciraxes\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/31-preview.freshtone.ru\/selling-brent-crude-from-70-2-resistance\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Ciraxes\" \/>\r\n<meta property=\"article:published_time\" content=\"2026-02-04T09:57:57+00:00\" \/>\r\n<meta name=\"author\" content=\"admin\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/31-preview.freshtone.ru\/selling-brent-crude-from-70-2-resistance\/\",\"url\":\"https:\/\/31-preview.freshtone.ru\/selling-brent-crude-from-70-2-resistance\/\",\"name\":\"Selling Brent crude from 70.2 resistance - 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