BRENT OIL top-down analysis

on DAILY: BRENT OIL is approaching a strong resistance and GAP zone so we will be looking for objective sell setups on lower timeframes.

on H1: OIL is currently trading inside our orange channel, so we are waiting for a new swing to form around our lower orange trendline to consider it objective and enter on its break downward.

we also have a regular bearish divergence on MACD.

meanwhile, as usual, BRENT OIL would be overall bullish until an objective sell setup is activated.