Brent: Uptrend targets $102 before higher projections - Societe Generale

## Uptrend eyes July peak and beyond Brent crude has resumed a steady advance after successfully defending its 200-day moving average in August. According to Societe Generale analysts, the recent move above a multi-month descending trend line strengthens the bullish technical outlook. The next major resistance area is around the July peak near $102. Last week's low around $89 could serve as short-term support if the market experiences a pullback. Analysts currently see no strong technical signals pointing to a major decline. If Brent breaks decisively above the $102 resistance level, the uptrend could extend toward the next projected targets around $108-$110, followed by approximately $117. Key levels to watch: - Short-term support: $89 - Major resistance: $102 - Next upside targets: $108-$110 - Higher projection: $117