Brent Oil Resistance Rejection Idea

Description: Brent oil is approaching a key resistance level. This level previously acted as support, but after being broken, it has now turned into resistance. If the price revisits this area, there’s a high probability of rejection based on past price action.

Trade Idea:

Watch for the price to approach the resistance level.
If there are signs of rejection (e.g., bearish candlestick patterns or declining momentum), this could be a good opportunity for a short position.
Set a stop-loss slightly above the resistance level in case the price breaks through.
Potential target: Previous support level.