BRENT | 24–28 Aug 2026Crude Oil Brent CashBLACKBULL:BRENTYES_GroupLast Week Recap | 17–21 Aug 2026: Brent continued to rise for the second consecutive week, supported by rising US–Iran tensions and increased Supply Risk surrounding the Strait of Hormuz. Brent closed at $95.20 (+6.39%). Fundamental | 24–28 Aug 2026: The outlook remains Bullish but highly volatile. Markets continue to monitor Geopolitical Risk and oil transportation through the Strait of Hormuz. If Supply remains constrained, prices could receive further support. However, traders should watch for pressure from Global Demand and potential profit-taking if geopolitical tensions ease. Technical | 4H: If Brent breaks above 95.40, it could move higher to test 96.90 / 98.00. A break below 94.40 could lead to further downside. Bias: Bullish Resistance: 95.40 / 96.90 / 98.00 Support: 94.40 / 92.51 Target: 98.00 Cut Loss: Below 94.40