#BRENT update - Breakout confirmed, goes to $101

167
Hi guys! ๐Ÿ‘‹๐Ÿป

๐Ÿ”” Brent crude price was squeezed in a descending triangle, and a breakout from the triangle was expected, so it happened as seen on the chart

๐Ÿ”” Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead.

๐Ÿ”” I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear.

๐Ÿ”” Opec+ will cut production by 1M, which is 3.4% of the current daily production volume.

โœŠ๐Ÿป Good luck with your trades! โœŠ๐Ÿป
If you like the idea hit the ๐Ÿ‘๐Ÿป button, follow me for more ideas.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.