Brent Crude Oil RSI 60 Reclaim and Trendline Recovery U.S. DOLLAR / BRENT CRUDE OILFX_IDC:USDBROChartrickBrent Crude Oil Technical Analysis - April 6th, Monday Bias: Bullish and gaining momentum Unlike the other assets in today's coverage which are recovering within corrective structures, Brent Crude stands out with a distinctly different technical profile. The reclaim of the uptrend trendline combined with RSI moving above 60 signals genuine momentum acceleration, not just a relief bounce. Price closing decisively above the Mid Bollinger Band near 102.3 adds further confirmation. Why This Structure Stands Out CMP: 109.19 (as on 02 Apr 2026). Sharp rally from 80 to 119+ zone. Price has managed to close inside the major uptrend trendline and regaining the RSI 60 level suggests increasing upward pressure. A breakdown below this RSI level and upward trendline could indicate downside pressure. Indicator Signals RSI above the 60 level suggests upward pressure. A breakout above 60 may signal strengthening of upward trend and potential upside continuation. Price has closed decisively above the Mid Bollinger Band, which may now act as a support zone in the near term. Fibonacci levels: 0: 119.25 (Major Resistance), 0.236: 110.27, 0.382: 104.71, 0.5: 100.23, 0.618: 95.74 Critical Zones Support: 104.71 (Immediate, Fibonacci 0.382) / 102.30 (Key, Mid Bollinger Band) / 95.74 (Strong, Fibonacci 0.618) Resistance: 110.27 (Immediate, Fibonacci 0.236) / 112.36 (Key, Highest Closing Level) / 119.25 (Strong) The uptrend trendline may now act as a dynamic support zone along with Mid Bollinger Band. Context Short term: Price near resistance at 110 level. Regaining of the uptrend trendline and RSI 60 Level suggests continuation of strength. Medium term: Bullish structure intact with consolidation at the top. Long term: Broader uptrend from 80 remains in place. Pullback, if it occurs, would be within a continuing uptrend context. Brent crude remains structurally bullish on the medium-term timeframe, with the reclaim of the uptrend trendline and RSI moving above 60 indicating strengthening momentum. As price approaches higher resistance zones, the market may witness either consolidation or further upward continuation depending on price behavior near these levels. ICEEUR:BRN1!, technicalanalysis, crudeoil, brentcrude, fibonacci, bollingerbands, RSI This analysis is educational technical chart analysis provided for informational purposes only. It does not constitute investment advice or any recommendation to buy, sell, or hold any financial instrument. All analysis is based on publicly available market data and is subject to change. We do not accept liability for any loss or damage arising from use of or reliance on this content, including any errors or omissions in the analysis. Users are solely responsible for their own investment and trading decisions.