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Br
Brent Crude Oil
BRENT
Commodities Market Open
98.20
+2.12% Updated 1 month ago
AI analysis last refreshed 1 month ago — quotes update independently.
AI ANALYST BRIEF
Lean Bullish

Brent Surges Above $141 as Momentum Builds Ahead of PPI

Brent rallied 3.07% to $141.70, extending its weekly gain to 2.33% and stretching 8% above its 50-day moving average. RSI at 66 signals strengthening momentum without yet reaching overbought territory, while ATR of 3.16 reflects elevated intraday ranges. A range_compression pattern (ratio 0.81) hints at a potential breakout continuation, though confidence remains modest at 19.

Realized 20-day volatility of 45.63% underscores a high-beta tape, consistent with crude's negative correlation to USDCAD (-0.36) and US10Y yields (-0.28). Soft dollar dynamics and a pullback in yields have provided tailwinds, while inverse readings against MSFT (-0.31) and AAPL (-0.26) suggest crude is decoupling from risk equities as a standalone macro trade. Neutral 48-hour news sentiment leaves price action as the dominant driver.

Immediate resistance sits near $144-145 with a clean break opening room toward $148; downside support aligns at $138, then the $135 pivot. Today's US PPI release at 12:30 UTC is the key catalyst — a hot print could lift the dollar and pressure crude, while a soft reading would reinforce the prevailing bid.

Price · Candlestick

Key Levels

Resistance · current · support
99.00 Round figure 40%
100.14 Prev week high 70%
106.16 Fib 78.6% 50%
114.29 50-day moving average 60%
98.20 Current price ·
98.00 Round figure 40%
96.16 Prev week low 70%
61.00 Prev month low 85%

Pattern Read

Rule-based · last 60 sessions
20-day range breakdown 70% confidence
Price has broken below its prior 20-day low — momentum continuation to the downside.
Volume divergence 59% confidence
Down sessions are trading on heavier volume than up sessions — distribution signal.
Range compression — ATR compressed 54% confidence
14-day ATR has compressed to 0.46× its 60-day baseline — coiled spring conditions often precede a directional move.

Correlations Today

Cross-asset · 30-day daily-return Pearson · refreshes every 4 hours
USDCAD
-0.36
MSFT
-0.31
US10Y
-0.28
USDCHF
-0.26
AAPL
-0.26

Statistical Snapshot

RSI (14d)
41.90
Neutral, leaning weak
ATR (14d)
1.74
Average true range (14d)
Realized vol (20d)
31.77%
Above average
50-day MA dist
-14.08%
Trading below 50-day MA
Weekly change
0.82%
Change over last 5 sessions
Monthly change
-8.70%
Change over last 20 sessions

Catalysts · Next 7 Days

High + medium impact events
No major catalysts identified in the next 7 days.

Smart Suggestions

From cross-asset correlations
No strong cross-asset relationships in the current 30-session window — trade this instrument on its own merits.
24h High
98.20
24h Low
98.20
24h Change
+2.12%
24h Volume
$2,160
Quote Details Last update: 2026-06-30T06:35:50+00:00
Bid
98.18
Ask
98.23
Spread
0.0500
Trades 24h
24h Open
98.20
Volume (base)
22.00
Mid
98.20
Provider Symbol
BRENT
Spread shown is an indicative inter-bank reference — actual broker spreads vary by venue and account type.
Instrument Specs
SymbolBRENT
Base / Quote / USD
Contract SizeVaries by product
Tick Size0.01
Pip Value (USD)$1.0000
Trading Hours 23:01 – 22:00 UTC · Sun Mon Tue Wed Thu Fri
Sentiment · 24h via Fiper Terminal
BRENT +0.000 · 1 article
Sentiment derived from news articles over the last 24 hours.
News · BRENT 0 articles · last 7 days
No news coverage for BRN in the last 7 days.