BRENT CRUDE OIL - COMMODITY

09/03/2026

Hey MomsWhoTrade family! 👋

I know, I know—we are all looking at this BRENT (Crude Oil) chart today and feeling that massive FOMO. It feels like the train left the station and we’re still standing on the platform with our bags packed! 🚂💨

But take a deep breath. In trading, chasing a "vertical" move like this is usually how people get stuck.

What Just Happened?

If you look at the daily chart for Brent, it just pulled a total "moon mission."

• The Breakout: Oil was chilling in a range for months, but the recent supply chain drama and global tensions just lit a fuse.
• The Surge: Price literally blasted through the $91.78 level (the Previous Week High) and didn't look back, peaking all the way up near $113.73.
• The Gap: We are currently trading around $103.92, which is a massive 14% jump in a very short time.

Why We Shouldn't "Panic Buy" Right Now

I know it's tempting to hit that "Buy" button because it feels like it's going to $150, but look at the bottom of the chart:

• Overextended: The momentum indicators (those wavy lines at the bottom) are buried in the "Red Zone" (over 97%). This tells us the market is "overbought" and screaming for a break.
• The "Rubber Band" Effect: When the price gets this far away from the moving average lines (the green and orange ribbons), it usually snaps back to touch them eventually.

The "Second Chance" Game Plan

We missed the first 14% move, and that's okay! We are looking for a "Pullback" to get in safely. Here is the big-picture view:

• The "Sweet Spot" for Re-Entry: We want to see the price come back down to test the $91.78 – $87.81 area. This was the "ceiling" that just broke, and in trading, old ceilings often become new floors.
• The Major Support: If things really cool off, the $77.15 level is our ultimate safety net.
• The Prediction: Oil is very "hot" right now due to the 3,000 ships still stuck in the Persian Gulf. While the long-term trend is clearly Bullish (Up), we are waiting for a "dip" or a period of sideways "consolidation" to cool off those indicators before we put our hard-earned money to work.

📝 Mom Tip:

Don't let the green candles trick you into a bad entry! The market always provides another opportunity. Let the "chased" trades settle down, and we will look for our entry once the price settles back toward that $90ish zone. ☕️✨