Emerging Channel Up pattern in its final wave was identified on the Brent Crude 1 hour chart. After a strong bearish run, we find Brent Crude heading towards the upper triangle line with a possible resistance at 68.1907. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Brent Crude is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
