From a technical analysis perspective, Brent crude has reached a critical juncture at approximately 75 perbarrel.Thislevel,whichpreviouslysawbullishforcesovercomeresistancetowardstheendof2024,nowshowssignsofashiftinsentiment.Thelonglowerwickonthecandlestickchartsuggeststhatbullsmaystillhavesomeinfluencewithinthispricerange.However,bearishsentimentisgatheringmomentum.The77 level served as a resistance point in February, and notably, the once – supportive $75 level has now transformed into a resistance level. This shift indicates a potential change in market sentiment. Traders can expect the market to consolidate around current levels as supply and demand forces strive to reach an equilibrium. While analysts generally agree that further volatility is likely, the market remains on edge, closely monitoring for any signs of price stabilization or a continued downward spiral. Given the significant impact of U.S. policy shifts and sanctions on global supply chains, traders are advised to stay informed about the latest developments.