Brent Crude has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 8 days and suggests a possible target level to be around 67.0886 within the next 2 days.
Resistance line breached by Brent Crude. This price has been tested at least twice before.
