OIL: Exploding Higher any Minute Now!

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OIL: Exploding Higher any Minute Now!Brent Crude FuturesICEEUR_DLY:BRN1!HKCM_GlobalPrimary Scenario In the near term, we expect further pullbacks in Brent and WTI futures, with the current downswings bottoming out in our green Target Zone between $88.95–$71.48. Afterward, we anticipate the larger corrective rallies to resume, pushing prices above resistance at $119.50. Once these advances reach their respective peaks, we expect significant sell-offs into our blue Long-Term Entry Range $42.33–$29.90, where the ongoing higher-level corrections should ultimately conclude. Alternative Scenario In our alternative scenarios, Brent could break below support at $58.40 sooner, forming early correction lows in our blue Long-Term Entry Range with a current Probability of 35%.