{"id":7863,"date":"2026-05-12T11:48:07","date_gmt":"2026-05-12T08:48:07","guid":{"rendered":"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/"},"modified":"2026-05-12T11:48:07","modified_gmt":"2026-05-12T08:48:07","slug":"brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off","status":"publish","type":"post","link":"https:\/\/31-preview.freshtone.ru\/en\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/","title":{"rendered":"Brent crude may extend its climb to $115.30 as US driving season kicks off"},"content":{"rendered":"

The daily Brent<\/a> chart for May 12, 2026, reveals a market that is catching its breath after a local correction. This morning’s modest green candle speaks to uncertainty, yet its placement suggests that buyers are circling back after the recent dip, and longs are still in play.\u00a0<\/p>\n

<\/p>\n

To begin with, Fibonacci retracement levels, drawn from the April 14 low at $87.27 to the April 30 peak at $120.48, serve as the market’s compass. On Friday, the slide hit the 50% mark at $103.875, but bulls quickly stepped in to offset these losses. A push back above the 38.2% mark ($107.79) and a firm hold there would signal renewed strength. For a true reversal to take hold, however, quotes need to break through the 23.6% level ($112.64) and consolidate above it.<\/p>\n

<\/p>\n

Turning to momentum, the Alligator indicator paints a generally bullish picture, though with some caveats. Its Jaws ($106.69) and Teeth ($108.56) are both below the current price, thus keeping the technical bias positive. But here’s the catch: they are converging at $109.25\u2014a telltale sign that trend momentum is fading. Consequently, Brent crude needs to recharge before it can make a decisive move in either direction.<\/p>\n

<\/p>\n

The Money Flow Index (MFI) adds another layer to the puzzle. Alternating bar colors in recent sessions are classic consolidation chatter. The blue bar on May 11 revealed a lack of institutional support during the sell-off. Today’s sluggish green candle suggests that bears are running out of steam, though bulls haven’t taken the wheel yet.<\/p>\n

<\/p>\n

On the fundamental front, oil still has a sturdy floor beneath it. President Trump’s recent comments about the deadlocked peace talks cast doubt on a swift reopening of the Strait of Hormuz. This supply threat is magnified by the fast\u2011approaching US driving season, with gasoline stockpiles scraping bottom. Such a combination keeps a geopolitical risk premium firmly baked into prices, propping up the bullish narrative.<\/p>\n

<\/p>\n

For those looking to take action, the trading plan is given down below:<\/p>\n

<\/p>\n

Buy Brent crude at the current price ($109.60). Place Take profit 1 at $112.50 and Take profit 2 at $115.30. Set Stop loss at $104.00.<\/p>\n

<\/p>\n

This forecast holds true from May 12 till May 19, 2026.<\/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":7864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-7863","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\nBrent crude may extend its climb to $115.30 as US driving season kicks off - 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=\"Brent crude may extend its climb to $115.30 as US driving season kicks off - Ciraxes\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Ciraxes\" \/>\r\n<meta property=\"article:published_time\" content=\"2026-05-12T08:48:07+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\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/\",\"url\":\"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/\",\"name\":\"Brent crude may extend its climb to $115.30 as US driving season kicks off - Ciraxes\",\"isPartOf\":{\"@id\":\"https:\/\/31-preview.freshtone.ru\/#website\"},\"datePublished\":\"2026-05-12T08:48:07+00:00\",\"dateModified\":\"2026-05-12T08:48:07+00:00\",\"author\":{\"@id\":\"https:\/\/31-preview.freshtone.ru\/#\/schema\/person\/ec6aa193c6aabc790e198b49bef91350\"},\"breadcrumb\":{\"@id\":\"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430\",\"item\":\"https:\/\/31-preview.freshtone.ru\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brent crude may extend its climb to $115.30 as US driving season kicks off\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/31-preview.freshtone.ru\/#website\",\"url\":\"https:\/\/31-preview.freshtone.ru\/\",\"name\":\"Ciraxes\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/31-preview.freshtone.ru\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/31-preview.freshtone.ru\/#\/schema\/person\/ec6aa193c6aabc790e198b49bef91350\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/31-preview.freshtone.ru\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/38cfda7f9b55b7f74b6d3d143cbb7661da9bfeb4683473a5813b220a571a1e37?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/38cfda7f9b55b7f74b6d3d143cbb7661da9bfeb4683473a5813b220a571a1e37?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/7.test.freshtone.ru\"],\"url\":\"https:\/\/31-preview.freshtone.ru\/en\/author\/admin\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Brent crude may extend its climb to $115.30 as US driving season kicks off - Ciraxes","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Brent crude may extend its climb to $115.30 as US driving season kicks off - Ciraxes","og_url":"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/","og_site_name":"Ciraxes","article_published_time":"2026-05-12T08:48:07+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/","url":"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/","name":"Brent crude may extend its climb to $115.30 as US driving season kicks off - Ciraxes","isPartOf":{"@id":"https:\/\/31-preview.freshtone.ru\/#website"},"datePublished":"2026-05-12T08:48:07+00:00","dateModified":"2026-05-12T08:48:07+00:00","author":{"@id":"https:\/\/31-preview.freshtone.ru\/#\/schema\/person\/ec6aa193c6aabc790e198b49bef91350"},"breadcrumb":{"@id":"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/31-preview.freshtone.ru\/brent-crude-may-extend-its-climb-to-115-30-as-us-driving-season-kicks-off\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430","item":"https:\/\/31-preview.freshtone.ru\/"},{"@type":"ListItem","position":2,"name":"Brent crude may extend its climb to $115.30 as US driving season kicks off"}]},{"@type":"WebSite","@id":"https:\/\/31-preview.freshtone.ru\/#website","url":"https:\/\/31-preview.freshtone.ru\/","name":"Ciraxes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/31-preview.freshtone.ru\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/31-preview.freshtone.ru\/#\/schema\/person\/ec6aa193c6aabc790e198b49bef91350","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/31-preview.freshtone.ru\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/38cfda7f9b55b7f74b6d3d143cbb7661da9bfeb4683473a5813b220a571a1e37?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/38cfda7f9b55b7f74b6d3d143cbb7661da9bfeb4683473a5813b220a571a1e37?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/7.test.freshtone.ru"],"url":"https:\/\/31-preview.freshtone.ru\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/posts\/7863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/comments?post=7863"}],"version-history":[{"count":0,"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/posts\/7863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/media\/7864"}],"wp:attachment":[{"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/media?parent=7863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/categories?post=7863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/31-preview.freshtone.ru\/en\/wp-json\/wp\/v2\/tags?post=7863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}