Hello Traders,
Today we are analyzing the macro structure of UKOIL (Brent Crude) on the daily timeframe.

🔍 Higher-Timeframe (HTF) Context:
• Sell-Side Liquidity (SSL) Hunt:
During the first half of the year, UKOIL engineered a highly visible trendline liquidity pool. Recently, the market completed a decisive sweep of this Trendline Liquidity, purging retail sell-stops and capturing deep liquidity.

• Mitigation of HTF Demand:
Following the sweep, the price tapped directly into the high-timeframe Discount Demand Zone ($68.00 - $72.00). This zone acted as a major institutional accumulation block.

• Displacement:
The aggressive rally from the demand zone up to the current ~$91 level confirms strong institutional buying pressure and a medium-term shift in market structure.

🚀 Two Primary Scenarios:
We have mapped two high-probability paths toward our macro targets:

• Scenario A (Direct Expansion):
The current bullish momentum continues with immediate expansion, bypassing any deep corrective pullbacks, to target the premium liquidity pools.

• Scenario B (Deep Retracement):
Price performs a corrective pullback to mitigate local discount arrays (newly formed Fair Value Gaps / Order Blocks) near the HTF Demand level before launching the primary macro expansion wave.

📍 Key Technical Levels:
• First Target Area: $130.54 – $147.42
• Invalidation Level: A daily close below $65.00 invalidates this macro bullish thesis, signifying a structural failure.

What are your thoughts on Brent Crude? Share your views in the comments!