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TheSignalyst

BRENT OIL UPDATE

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CURRENCYCOM:OIL_BRENT   None
Trend Analysis Chart Patterns Technical Indicators brent crude Oil Bullish Patterns buy breakout Parallel Channel long-term xtiusd
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trendanalysis chartpattern indicator brent crude oil bullish buy breakout parallelchannel long-term xtiusd
As expected, price is retesting our previous resistance in red.

Price didn't break below our double top neckline, so we didn't sell.

then price broke above our upper blue trendline objectively, and we will keep holding our buy until as long as price is trading above our orange trendline. (or until an objective sell setup is activated)
This analysis is done using RichTL
www.RichTL.com

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BRENT OIL two possible scenarios
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