NewsSignals AI analysis·Reuters·Nov 4, 2026

Brent oil may retest support at $101.13

Grade Bbearish AI signal$BRENT

Brent crude faces renewed downside risk, with technical analysis pointing to a potential retest of $101.13 support and further losses if that level breaks. A break below $101.13 could expose the $97.22-$98.97 range, while resistance stands at $104.63 and a move above it could open $106.79-$108.13. Bearish momentum could intensify if Brent fails to hold support, potentially extending the decline toward the $92.19-$95.97 range.

Bullish strength: 20/100

A break above $104.63 could trigger a move toward $106.79-$108.13.
The previous session's spinning top suggests temporary price stabilization.

Bearish strength: 80/100

Brent may retest $101.13 support.
A break below support could expose $97.22-$98.97.
Technical analysis indicates a potential decline toward $92.19-$95.97.
The spinning top is not considered a bullish reversal signal.
Price has briefly pierced below a rising channel.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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