#BRENT update - Breakout confirmed, goes to $101
Hi guys! 👋🏻
🔔 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
🔔 Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead.
🔔 I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear.
🔔 Opec+ will cut production by 1M, which is 3.4% of the current daily production volume.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 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
🔔 Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead.
🔔 I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear.
🔔 Opec+ will cut production by 1M, which is 3.4% of the current daily production volume.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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