Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
$127 target in focus as Brent resumes uptrend – Societe Generale
A renewed uptrend is signalled in Brent after its breakout above the top of the trading range, according to Societe Generale analysts, who note that prices stayed above the 50-day moving average through the consolidation phase. Technical projections put the upside objectives at $116/$119 and potentially $127 per barrel, while any short-term pullback may find support around $106.
Can the range breakout take Brent higher?
"Brent held above its 50-DMA during the recent consolidation and has now broken above the upper boundary of the range."
"This suggests that the uptrend has resumed and may extend further."
"Should a short-term pullback occur, the low established earlier this week near $106 could act as support."
"The next objectives are located at projections of $116/119 and $127."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
POPULAR ARTICLES
1$127 target in focus as Brent resumes uptrend – Societe Generale2Euro falls to new 17-month lows against British Pound following Eurozone and UK PMI releases3CEE FX: How are risk-off sentiment and energy pressures constraining regional currencies? – ING4Pi Network Price Forecast: Mixed technicals limit upside as PI maintains modest gains5Japanese Yen: Are further gains against US Dollar on the cards? - UOB6UK S&P Global Composite PMI beats 51.8 forecast with October rise to 53.17Euro struggles near 1.1200 against a recovering USD, remaining under pressure after lacklustre PMIs8Russian Rouble: Policy Pause Expected as Inflation Risks Persist – Commerzbank9New Zealand Dollar stalls below 0.5700 amid Oil-driven weakness in risk appetite
LIVE QUOTES
ALL ABOUT OIL
5 Best Oil Trading Platforms 2026 (Brent and WTI)
Iran War and the Global Economy in 2026: Oil, Inflation, Trade and Markets
Should You Still Invest in Oil in 2026?
WTI vs Brent Crude
Gold to Oil Ratio: How does the Iran War affect Gold Prices?
Top 10 Most Traded Commodities in India & The Best Commodity to Trade
What is WTI Oil: Importance, Purpose, How To Trade
Trading Brent Crude Oil: A Comprehensive Guide
How to Trade Oil in India: Steps, Markets and Risks
Get Started!
Sign up and access the Global Markets in less than 3 minutes
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved