Brent Crude OIL at Channel High — One News Could Flip EverythingU.S. DOLLAR / BRENT CRUDE OILFX_IDC:USDBROpejman_zwinIn the past two weeks, Brent Crude OIL(USDBRO), despite escalating tensions in the Middle East between Iran, the U.S., and attacks in the region, did not meet traders’ expectations for a sharper increase. Over this period, prices moved within a gentle ascending channel, ranging between $96 and $110. Now, an important point: given tomorrow’s significance, whether there is potential for peace between Iran and the U.S.—especially with recent comments by Trump—any agreement could have a larger impact on reducing Brent Crude OIL prices than the absence of a deal would have on raising them. Currently, Brent Crude OIL is moving near the upper line of its ascending channel. Also, we can see a negative regular divergence between two consecutive peaks. From an Elliott Wave perspective, it appears Brent Crude OIL is completing a zigzag correction within the ascending channel. I expect that Brent Crude OIL, in the next few hours, could fall to at least $105, and if news of ending the conflict emerges, we may see a sharp drop, breaking the support zone ($105-$102), and potentially falling below $90. First Target: $105.73 Second Target: Lower line of the ascending channel Stop Loss(SL): $115.02(Worst) Gap: $75.72-$73.08 Points may shift as the market evolves What is your view on Brent Crude OIL prices? Could we see a new all-time high, or should we expect a deep correction? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌U.S. Dollar/Brent Crude OIL Analysis (USDBRO), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.