Brent Brent Oil FuturesFX:UKOILOmidTaaTBrent Crude Oil – 4H Analysis On the 4-hour timeframe, Brent crude oil has formed two symmetry structures and completed the 1–2 nodes, indicating that the market is currently in the third phase of its impulsive move. Our expectation is for price to continue higher toward the 86% retracement of the previous bearish zone, corresponding to the left-side flag. After forming another 1–2 structure, the market could open the way for a much larger move, with the potential for significantly higher price targets in the future. However, patience is essential. We should wait for the market to complete the lower nodes, potentially down toward the $70 area, before looking for the next high-probability buying opportunity. For this week, the preferred scenario is a two-way (pullback and continuation) move before the broader bullish trend resumes.