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A Channel Down has formed, Brent Crude is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

Brent Crude is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 22 hours.

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XOM – approaching a resistance line that has been previously tested at least twice in the past

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DAX 40 is quickly approaching the resistance line of a Ascending Triangle. We expect either a breakout through this line or a rebound.

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