Brent Crude is heading towards the support line of a Head and Shoulders and could reach this point within the next 20 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Brent Crude is approaching a support line of a Head and Shoulders. It has touched this line numerous times in the last 7 days.
