Brent Crude has broken through a resistance line of a Triangle and suggests a possible movement to 74.1699 within the next 20 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 10 days.
Brent Crude – breach of a trending resistance line that has been tested at least twice before.
