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📅 2026-11-04 · Brent · Single-name brief

This report is provided by MacroTerms.com

Data as of: 2026-11-02 · Settlement: Exchange final daily settlement

Brent Crude (BZ=F) Deep Dive | Bearish Call with 101.25 Invalidation | 2026-11-04

Bearish. Brent settled at 104.77 on 2026-11-02, down 7.63% in 5D and testing the 20-day support at 94.71. Price breached the NEXT-session pivot S1 at 101.25 in Asia, with the 20-day channel 94.71–114.29 now below the pivot ladder. Inventories are below 5-year averages and rigs are rising. The call is Bearish with invalidation at a daily close above 106.81 (NEXT P).

Single-name briefs Deep dive

COMEX GoldGC=F 2026-11-04
Gold (GC=F) Deep Dive | Bullish Breakout from 20-Day Range | 2026-11-04
LONGdaily-briefneutral_context
Deep diveRead
COMEX SilverSI=F 2026-11-04
Silver (SI=F) Deep Dive | Bearish Bias | 2026-11-04
SHORT1-3dalignedrevised
Deep diveRead
WTI CrudeCL=F 2026-11-04
WTI Crude (CL=F) Deep Dive | Bearish Bias | 2026-11-04
SHORTdaily-briefalignedrevised
Deep diveRead
COMEX CopperHG=F 2026-11-04
Copper (HG=F) Deep Dive | Bearish — LME Stock Surge Breaks Momentum, Target 6.1897 | 2026-11-04
SHORTdaily-briefneutral_context
Deep diveRead
BrentBZ=F 2026-11-04
Brent Crude (BZ=F) Deep Dive | Bearish Call with 101.25 Invalidation | 2026-11-04
SHORTdaily-briefneutral_context
Deep diveRead
Nat GasNG=F 2026-11-04
Natural Gas (NG=F) Deep Dive | Bearish Relief Rally Into 3.022–3.334 Supply, Net Short Unwound | 2026-11-04
SHORTdaily-briefaligned
Deep diveRead
CornZC=F 2026-11-04
Corn (ZC=F) Deep Dive | Bearish breakdown below 20-day low, target 436.83 | 2026-11-04
SHORTneutral_context
Deep diveRead
SoybeansZS=F 2026-11-04
Soybeans (ZS=F) Deep Dive | Bearish — 20-Day Low Break, Weak Crush Confirms Down Trend | 2026-11-04
SHORTdaily-briefaligned
Deep diveRead
WheatZW=F 2026-11-04
Wheat (ZW=F) Deep Dive | Bearish — Momentum Overshoot vs Weak Demand, Target 589.58 | 2026-11-04
SHORTneutral_context
Deep diveRead

Previous briefs

2026-11-03：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish breakout confirmed, target 116.16 | 2026-11-03 View 2026-11-02：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish breakout confirmed, backwardation validates tight prompt | 2026-11-02 View 2026-11-01：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish breakout confirmed — backwardation and draws argue higher | 2026-11-01 View 2026-10-31：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish — Backwardation Tightness, Target 113.3 | 2026-10-31 View 2026-10-30：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish — tight cash, 20D +17.4%, hold above 109.8 | 2026-10-30 View 2026-10-29：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish — Backwardation and Distillate Draw Outweigh Soft Asia | 2026-10-29 View 2026-10-28：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish — Backwardation Confirms Tightness, Hold Long Above 109.26 | 2026-10-28 View 2026-10-27：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish Breakout Above 109 | 2026-10-27 View 2026-10-26：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish breakout confirmed, backwardation validates tight prompt | 2026-10-26 View 2026-10-25：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish breakout confirmed — backwardation and draws argue for 120.31 | 2026-10-25 View 2026-10-24：Single-nameBrent Crude (BZ=F) Deep Dive | Bullish breakout, backwardation confirms prompt tightness | 2026-10-24 View 2026-10-23：Single-nameBrent Crude (BZ=F) Deep Dive | Long: Asia break above pivot R1, tight balances | 2026-10-23 View 2026-10-22：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: Backwardation Tightness, Pivot 108.9 Holds | 2026-10-22 View 2026-10-21：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: backwardation + inventory draw, invalidation 107.35 | 2026-10-21 View 2026-10-20：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: 20D breakout, backwardated, crack-supported | 2026-10-20 View 2026-10-19：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: 20D breakout, backwardated, oil/gold at 1Y extreme | 2026-10-19 View 2026-10-18：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: 20D breakout, backwardated, distillate-tight | 2026-10-18 View 2026-10-17：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: Asia breakout, backwardated, drawdown support | 2026-10-17 View 2026-10-16：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: Backwardation and Draws, Pivot 105.59 Key | 2026-10-16 View 2026-10-15：Single-nameBrent Crude (BZ=F) Deep Dive | LONG: Backwardation Tightness, 88% 20D Range | 2026-10-15 View

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