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Important support line being approached by Brent Crude. This price has been tested numerous time in the last 10 days

An emerging Falling Wedge has been detected on Brent Crude on the 1 hour chart. There is a possible move towards 71.5265 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

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We expect a $8196046 movement on CC within 4 hours following the event release at 2024-11-29 10:00.

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Supports and resistances are primary concepts of technical analysis. CAC 40 is heading for an important price of 7267.1001 – read about what this could mean for the future.

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