Brent Oil: Bullish Structure Under Short-Term PressureBRENT CRUDE OILTVC:UKOILImeda_Market_AnalysisBrent crude oil maintains a constructive broader structure, although the H1 and H4 timeframes are currently showing short-term corrective pressure. Price has retreated after rejection from the 109.99 area and is now testing an important decision zone near 103.50–102.34. Multi-timeframe structure: On the D1 timeframe, the broader recovery remains intact. The current decline should still be treated as a correction unless price begins to break the principal support structure below 99.12–98.31. On H4, momentum has weakened and price remains under short-term pressure. However, the correction is approaching a cluster of support levels capable of attracting renewed buying interest. On H1, the immediate structure remains bearish, meaning that confirmation is required before considering bullish continuation. RSI analysis: D1 RSI remains above the neutral 50 level, supporting the broader recovery structure. H4 and H1 RSI readings are below 50, reflecting the current corrective phase. Nevertheless, neither timeframe is deeply oversold, so price confirmation remains more important than momentum alone. Bullish scenario: A recovery above 103.50 would indicate that buyers are beginning to regain short-term control. The principal bullish confirmation requires a sustained H1/H4 close and successful retest above 105.24. If price establishes control above this level, the upside targets would be: 106.15 — First upside target 109.99 — Second upside target 113.98 — Major bullish target Bearish scenario: The immediate bullish structure remains protected while price holds above 102.34–101.09. A sustained break below 101.09 would weaken the recovery and expose 99.12. Trading below 99.12 would confirm increasing bearish pressure and open the way toward: 98.31 — First downside target 95.24 — Major support / deeper downside target 92.28 — Second downside target Key levels: Immediate resistance: 103.50 Bullish breakout confirmation: 105.24 First upside target: 106.15 Second upside target: 109.99 Major bullish target: 113.98 Immediate support / bullish hold level: 102.34 Key short-term support: 101.09 Bearish pressure confirmation: 99.12 First downside target: 98.31 Major support / deeper downside target: 95.24 Second downside target: 92.28 Fundamental outlook: Brent remains highly sensitive to geopolitical developments in the Middle East, transportation risks, global inventory conditions and expectations for demand from major economies, including China and India. These factors may continue to provide medium-term support, but they can also generate sharp short-term volatility. The upcoming U.S. inventory reports, global business-activity data, central-bank expectations and any changes in geopolitical risk should therefore be monitored closely. Conclusion: The broader recovery structure remains constructive, but short-term correction pressure has not yet ended. The preferred approach is to wait for confirmation. A sustained recovery above 105.24 would strengthen the bullish continuation scenario, while a confirmed break below 99.12 would shift the short-term outlook toward a deeper correction. This analysis is for educational purposes only and does not constitute financial advice.