Brent Crude is moving towards a line of 74.3500 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Brent Crude continues in its current trajectory, we may see it move towards 74.3500 within the next 3 days.
If Brent Crude touches 74.3500 it may be time to take action.
