Brent Crude Oil: Long-Term Bullish Bias

Brent Crude Oil has been consolidating for months, forming a strong base of support. Recently, we’re seeing a push to the upside, signaling the potential start of a new bullish trend. Additionally, the ongoing sanctions on Russian oil by the USA could significantly cut down supply, creating upward pressure on prices.

With this momentum and geopolitical factors in play, my long-term bias remains bullish as we may see price breaking out of consolidation and targeting higher levels.