Brent: Rebound tests key resistance – Societe Generale
Ni FXStreet Insights Team
Na-update: 13 Jul 2026
Sikat na Artikulo
Societe Generale’s Kenneth Broux notes that Brent has sharply rebounded after defending the late-February low around $69 and is now testing the 200-day moving average and a descending trendline.
Societe Generale’s Kenneth Broux notes that Brent has sharply rebounded after defending the late-February low around $69 and is now testing the 200-day moving average and a descending trendline. The bank highlights resistance near $80.60 and upside potential towards $86–$90 if this level breaks, while warning that a drop below $75 support could revive the broader downtrend.
Rebound faces layered resistance levels
"Brent defended the late-February low of $69, resulting in a sharp rebound."
"It is now probing the confluence of the 200-DMA and the steeper descending trendline drawn from April."
"The high reached last week at $80.60 represents the first hurdle."
"If Brent breaks above this resistance, the rebound could extend towards the April low of $86 and the 50-DMA around $90."
"The recent pivot low of $75 is a crucial support. There would be a risk of resumption in downtrend if this gives way."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
