Navigating BRENT's Rally: A Calculated Short Setup Emerges

Current Market Observations and Technical Analysis

While BRENT crude oil has demonstrated a noticeable bullish trend over the past 24 hours, currently trading at 78.4658 with a 0.86% gain, my analysis suggests that this upward momentum may be nearing a point of exhaustion. The daily range has seen prices move from 77.4671 to 79.4646, pushing firmly towards key resistance levels. I observe the market approaching the critical 79.00 and 79.4646 resistance zones. My proposed short entry at