Brent Crude is heading towards the resistance line of a Channel Down. If this movement continues, the price of Brent Crude could test 75.4567 within the next 10 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Brent Crude is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
