Brent Crude is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Brent Crude continues in its current trajectory, we could see it reach 68.3070 within the next 17 hours.
Brent Crude formed a Channel Up on the 1 hour chart. Retest of support in sight.
